cuttheplastic:

I’ve been following Tesla Car company for about two years now and I really like where this company is bringing potential to the market. I have dreamed of having a supper efficient and environmentally contentious.

Originally posted on Gigaom:

Tesla released its fourth quarter and full year earnings for 2012 on Wednesday, and revealed that the company is expecting to generate its first quarterly profit — excluding non-cash options and warrant-related expenses — in the first quarter of 2013. So, yes, that’s on a non-GAAP basis, but it’s a pretty sizable achievement for the decade-old company.

Tesla also confirmed that it has hit its previously reported goal of producing its second electric car the Model S at a rate of 400 cars per week and 20,000 cars per year. This production rate is crucial because it will mean Tesla can get its Model S cars out to its line of thousands of customers in a timely manner and can book those revenues.

Tesla said for the fourth quarter of 2012, it made 2,750 Model S cars, and a total of 3,100 vehicles during the full year 2012. The company…

View original 650 more words

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