Home › Tesla expects first-quarter profits after strong demand for Model S
 

Keywords :   


Tesla expects first-quarter profits after strong demand for Model S

2013-04-01 19:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Electric-car maker Tesla said it expects a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan, sending its shares soaring more than 19% in early trading on Monday. Tesla also said it was dropping plans to produce a low-end version of the Model S due to lack of demand, and will focus instead on higher-margin editions of the car. Model S sales exceeded 4,750 units in the quarter, higher than the 4,500 Tesla had forecast, the company...

Tags: s model strong demand

Category:Electronics and Electrical

Latest from this category

All news
»
06.10Hurricane Milton Potential Storm Surge Flooding Map
06.10Hurricane Milton Probabilistic Storm Surge Graphics
06.10Hurricane Milton Graphics
06.10Hurricane Milton Forecast Discussion Number 6
06.10Hurricane Milton Wind Speed Probabilities Number 6
06.10Hurricane Milton Public Advisory Number 6
06.10Summary for Hurricane Milton (AT4/AL142024)
06.10Hurricane Kirk Graphics
More »