Tesla Motors Posts First Profit | WHAT REALLY HAPPENED


Tesla Motors Posts First Profit

After years of losses, the company's persistence is finally paying off

Luxury electric car maker Tesla Motors appears to be firing on all cylinders. Despite a painful couple of years that saw the company cutting back to survive the recession, the company emerged stronger than ever. Thanks to a new partnership with Daimler, additional engineering, distribution, and marketing resources were gained. And most importantly, Tesla finally began to deliver vehicles.

Now the company can celebrate an important milestone -- its first profit. After many months in the red, July saw the company in the black, making $1M USD in profit on $20M USD in revenue. The profits came thanks to a record 109 cars shipped in the month. Manufacturing cost cuts also helped to enable the profit.

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