Tesla Motors surprised with an operating profit and the TSLA stock jumped 14% in after hour trading yesterday. The Tesla Stockclosed at 153.20 last night. Now TSLA stands at $154.20, which is almost 15% higher than yesterday. Tesla Motors now appears really solid at the small scale they are operating. The question is if the electriccar business is going to scale for real. Everything points to it, but there are still lots of issues to overcome to make electrical cars the norm.
Tesla's surprise profit is sourced by record sales of the Tesla Model S. Tesla sold 5,150 Model S in the last quarter. Tesla is making now almost 500 cars per week. The net-income for the quarter was $26 million. Tesla is also debt free. The car maker paid back the government loan and sits on $750 million in cash.
More details on the financials can be found on the Tesla site. Watch below a recent video review of the Tesla Model S.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.