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Tesla Turns a Profit

roadster2
For the first time in the young company's history, Tesla Motors has turned a profit.  Thanks to healthy sales of cialis for erectile dysfunction the second generation Roadster, the company made $1 million in earnings on $20 million in revenue in July.

The new Roadster Sport, which just began shipping in late June, is an amped up version of the original and http://supportmichaelocc.ca/real-levitra-online-without-prescription sells for $128,500 compared to $109,000 for the http://www.animationnation.com/buy-viagra-online-no-prescription standard Roadster. Sales of the more-expensive new model made up the bulk of the company's earnings in July.  The $465 million in government funds they recently received were not included in their earnings calculations.

Although this is exciting news for Tesla, and electric cars in general, it's only a fleeting success.  The company didn't expect to turn a profit this year and doesn't expect to do it again anytime soon.  It will now start concentrating on www.sinai.org.il developing the Model S and investing heavily in that project.

via Earth2Tech

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Comments (3)Add Comment
0
Profit? How?
written by Joe, August 11, 2009
As I heard it Tesla just received taxpayer stimulus money to stay operational. Did that give them a profit?
0
errrrrr..........
written by Bob Wallace, August 11, 2009


"The $465 million in government funds they recently received were not included in their earnings calculations."
0
Reply to Joe
written by Erik, August 19, 2009
Clearly you haven't been paying attention ...
Tesla did not receive any stimulus money to stay operational. What they did receive was a low interest loan from the government to develop the Model S, this is just a standard loan that they will pay back.
The profit was made as mentioned in the article "Thanks to healthy sales of the second generation Roadster, the company made $1 million in earnings on $20 million in revenue in July"
Whatever you are on Joe, consider quitting ...

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