Tesla: Profitable in 2013, Model S 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.