Tesla: Profitable in 2013, Model S sold out

Tesla CEO Elon Musk says the company's S sedan is sold out.

Tesla CEO Elon Musk says the company's S sedan is sold out.

Tesla Motors Inc. is reportedly sold out of its Model S sedan capacity for 2012 and is expected to earn a profit in 2013 for the first time, according to a Bloomberg story Friday citing a television interview with the company's CEO Elon Musk.

The Palo Alto-based electric vehicle maker (NASDAQ:TSLA) claims to have orders for more than 6,500 of the cars to be built in 2012, retailing for about $50,000.

The company is slated to announce quarterly earnings on Nov. 2. Its stock closed Friday at $29.87, up nearly 4 percent.

Click here to watch the video of Musk.

From the Silicon Valley/San Jose Business Journal.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.