Tesla Motors Turns a Profit For the First Time

posted onAugust 9, 2009
by hitbsecnews

NEW YORK (CNNMoney.com) -- Tesla Motors turned profitable for the first time in July, when the electric car manufacturer shipped a record 109 vehicles, the company said Friday.

A surge in sales and reduced manufacturing costs of Tesla's Roadster 2 sports car helped boost the company to $1 million in earnings and $20 million in revenue.

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