Saturday, February 16, 2013

Tesla reports great Q3 results, expects to be cash flow positive by Q4

Tesla reports great Q3 results, expects to be cash flow positive by Q4

from Tesla rose 3.9 percent to $ 30.04 Monday, while Q3 results point better things to come for the California EV manufacturer. Recently, the company recorded revenues of $ 50 million for the third quarter and is on track to reach its goal of $ 400 to $ 440 million at year end. In a letter to shareholders, increase production Tesla credit for the success, saying that "a successful transition to a society of car mass production, manufacturing 5 cars per week at the beginning of the quarter to 100 cars per week at the end. "In fact, apparently delivered about 350 cars in Q3 model S and expects about 2500-3000 in electric light sedans sold in the fourth quarter, putting the company squarely in the black. We are not sure if your network has recently launched Supercharger has nothing to do with the recent increase in sales, but I hope that means you'll be able to repay the loan from the DOE.

source Filed under: Transport
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