Tesla Is About To Turn Its First-Ever Profit — Here's How It Got There (TSLA)
Tesla Motors just announced its fourth quarter financial results, and it reported a net loss that was a bit wider than expected. But importantly, the company reached its production goal of 400 Model S cars a week, which it needed to hit to break even. And now, Tesla even expects to generate "slightly positive" net income in Q1 2013. This would be its first-ever profitable quarter since its IPO. Here's a look at how the company got here.Tesla Motors was founded in 2003 by five Silicon Valley entrepreneurs. Tesla was founded by Marc Tarpenning, JB Straubel, Ian Wright, Elon Musk,
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