Tesla Turns First Profit Ever In July: Is It Sustainable?

Tesla Motors, the electric car start-up headquartered in San Carlos, California, has announced it has achieved profitability in the month of July. It took Tesla seven years to turn a profit – a feat many other start-ups never achieve. In the month of July 2009, the company earned $20 million in revenue, which exceeded expenses by about $1 million. Since Tesla is still a private company, it has no formal obligation to disclose details when it comes to publishing financial information. In that regard, the firm was very selective about what information it revealed. With that, let’s take a look at the details behind the numbers. Read more »

Posted in Automotive, Business, Numbers, Start-ups, Tesla Motors