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| Tesla Delivers Again: Is Profitable In Mid 2009 Posted: 07 Aug 2009 09:04 PM PDT
Tesla has kept its word before, like last Spring when it rolled the first Roadster off the assembly line while other electric car companies were still just issuing ever more press releases. Sure, there were some bumps in the road. Surprises are normal and should be expected in bringing such a radically innovative product to market. The little California start-up has just passed another milestone, despite the major pothole of the financial apocalypse last Fall. Tesla became profitable in mid 2009, as promised. Elon Musk announced that Tesla made its first $1 million profit on sales of $20 million. The profitability arose mostly from improved gross margins on the second iteration of the Roadster. A surge in new Roadster sales helped as Tesla shipped out a blistering 109 vehicles in July. |
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