Electric Car Maker Tesla Will See First Quarterly Profit
Tesla Motors, the car company on a mission to change the auto industry, announced late Sunday that it's finally turning a profit this quarter.
The company said it will deliver 4,750 of its flagship Model S, its much-lauded four-door, luxury sports sedan. That amount exceeds its earlier estimates of 4,500 cars sold this quarter.
This is good news for the freshman carmaker, whose profits some posited might have been negatively affected by a harsh review in the New York Times, a review Tesla CEO Elon Musk said was full of lies.
In a cryptic followup tweet to the announcement, Musk also said the company will have big news Tuesday:
To be clear, Tesla is in California, so it is not April Fool's yet! Also, some may differ, but imo the Tues news is arguably more important.
— Elon Musk (@elonmusk) April 1, 2013