Tesla Posts $11 Million Q1 Profit
US automaker Tesla Motors has announced its first quarter 2013 financial results, posting a profit for the first time in the company’s 10-year history.
According to a report released yesterday, Tesla delivered 4,900 vehicles in the first quarter of 2013 for record sales of $562 million, up 83 percent when compared to the last quarter, which resulted in a profit of $15 million (GAAP profit of $11 million).
In addition, Tesla’s 4,900 examples delivered in North America in Q1 have surpassed both the Chevrolet Volt and Nissan Leaf, with the two companies reporting 4,244 and 3,539 units sold over the same period of time.
Talking about the future, Tesla said it expects US demand to exceed 15,000 Model S vehicles a year, with global demand probably more than 30,000 a year. With exports starting Q3, the company hopes to sell 10,000 and 5,000 cars a year in Europe and Asia respectively.