Tesla Motors Reports $50 Million For Q3 Revenues

Posted Nov 6, 2012

Tesla Motors reported their third quarter earnings recently.  Tesla’s Q3 revenues was $50 million.  They are on track to hit $400-$440 million by the end of the year too.  Tesla credits production increase for the success of the quarter.

They went from manufacturing 5 cars per week at the beginning of the quarter to 100 cars per week by the end.

Tesla Motors delivered around 350 Model S cars in Q3 and they are expecting to sell around 2,500-3,000 more in Q4.  This would make the company profitable.

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