Archives for June 18th, 2013

Tesla Reports First Quarterly Profit

Tesla has reported its first-ever quarterly profit as Model S production hits full swing. The company said it made about $11 million dollars in the first quarter of 2013. A huge chunk of that came from a bit of accounting magic: ...

Tesla Shares Are Going Bonkers Again

Tesla's rally continues. The stock is up over 10% in the first minutes of trading to $97.03. Tesla reported its first ever quarterly profit and crushed earnings expectations on May 8. The stock closed at $55.79. It opened at $70.12 Friday ...