Tesla Is About To Turn Its First-Ever Profit — Here’s How It Got There
Jordan Strauss/Getty Images for Tesla
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 togenerate “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.
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By Mamta Badkar