| inbluevt | Date: Thursday, 2013/08/08, 8:21 AM | Message # 1 | DMCA |
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Tesla Motors Inc. (TSLA), the electric-car company led by Elon Musk, rose 14 percent after
reporting second-quarter results yesterday that surpassed analysts’ estimates on a surge in Model S sedan deliveries.
The company reported a second-quarter operating profit of 20 cents a share, including 15 cents related to a leasing program. Even without that provision, results exceeded the average of 10 analysts’ estimates for a 20-cent loss, according data compiled by Bloomberg. On its
operating basis, Tesla said it will make money all year. The net loss was $30.5 million.
Shares of the Palo Alto, California-based company jumped to $153.20 in extended trading at 7:59 p.m. New York time yesterday, bringing its market value to more than $18 billion.
Model S deliveries totaled 5,150 in the second quarter, topping the company’s target of 4,500, and Musk said an annual selling rate of 40,000 by the end of next year looks “pretty safe.”
More... he might just make it...
Message edited by inbluevt - Thursday, 2013/08/08, 8:30 AM |
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