Tesla CEO expects profitable quarter Tesla Motors CEO Elon Musk predicted Wednesday that the maker of luxury electric cars would reach profitability in the current quarter, a milestone for a startup that just began mass production last year. Tesla spent heavily last year as it refurbished a closed auto factory in Fremont to make the company's new Model S sedan and opened stores across North America to sell it. Tesla's annual loss equals $3.69 per diluted share and came even as annual revenue doubled, from $204.2 million in 2011 to $413.3 million last year. Tesla and the Model S have ... Read More