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Tesla's 1st quarter results amaze market

Posted By -NO AUTHOR- On 05/10/2013 @ 1:48 am In Money | No Comments

(OilPrice) Tesla has finally released its first quarter financial reports for 2013, and whilst Elon Musk had stated that it would be the company’s first profitable quarter, no one had quite expected just how profitable it might have been. Most analysts forecast an average of 4 cents per share but Tesla managed to earn three times this, generating a net income of just over $11 million.

The income was created through the sale and delivery of 4,900 electric cars during the quarter, a few more than the 400 they had anticipated in delivering. Demand for the year has now been predicted to be more than 15,000 in the US and 30,000 worldwide.


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