Skip to: Content
Skip to: Site Navigation
Skip to: Search

 
Advertisements
 

Latest News Wires Tesla profits beat estimates; demand predicted to grow

The electric car manufacturer's increased first quarter profits were fueled in part by zero-emission vehicle credit sales to other car makers. They were also boosted by more efficient manufacturing. With the right financing, the company predicts its Model S electric car could now be accessible to 10 million American households. 

By Deepa SeetharamanReuters / May 8, 2013

REUTERS/Noah Berger/Files

Tesla Motors Inc reported its first-ever profit that trounced Wall Street estimates on Wednesday and forecast global demand for its Model S electric car could surpass 30,000 vehicles a year.