[Engadget] Tesla turns a $15 million profit in Q1 2013 on $562 million in revenue~Reviews~Evaluation

Engadget post time: May 09, 2013 at 05:03AM

Despite a bit of bad press for its Model S and a less-than-ideal close to the 2012 financial year, things have been looking up for Tesla. Sales are on an upward climb, company CEO Elon Musk has sworn to deliver more superchargers, better service for customers and continues to tout his EV’s high resale value. After promising that Tesla would turn a profit in Q4 of 2012, the EV manufacturer has finally done so — generating $15 million in net income and $562 million in revenue.

During the first quarter the company built 5,000 Model S cars, and is scheduled to build the same number in Q2 to keep pace with the 20,000 orders expected this year. To better service all those vehicles, Tesla opened 12 new service locations in Q1, with 18 more to come online by the end of 2013. Additionally, the company plans to start deliveries of Teslas in Europe in Q3. An investor call with Mr. Musk will be starting shortly, and we’ll update things here should he have any other news to share.

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Source: Tesla [PDF]

Reference source: Engadget

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