Around the Net
Tesla's Surprise: Quarterly Profits
- Detroit Bureau, Thursday, August 8, 2013 8:45 AM
While observers were expecting a loss, Tesla surprised them with profits: Net income rose 70% to $26 million, and revenues jumped to $551 million, 40% above the consensus forecast of $395 million. The company also boosted second-quarter production by 25% over the previous three months, to 500 vehicles a week.
