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Minutes ago, Tesla Motors released its latest shareholder letter divulging results from its second quarter this year. The start-up from Fremont, Calif. reports net income (non-GAAP) increased by 70 percent to $26 million over Q1. Sales for Q2 were a record of 5,150 Model S sedans to North America. The total since launch is now […]

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As announced in advance last month, Tesla Motors has become profitable for the first time in its 10 year history. Its profit for the quarter ending March 31 on $562 million in sales from delivery of 4,900 Model S sedans out of over 5,000 built was $11 million. Tesla also doubled its gross margin in […]

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Not an April Fools Day joke, yesterday Tesla announced it had exceeded previously forecast sales and profitability targets, and during the first quarter of this year it had become profitable according to both generally accepted accounting principles and non-GAAP. The company also said it was cancelling the 40-kwh version due to lack of sufficient orders, […]

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