Report: Tesla Cash Flow Positive

Tesla Model S

Tesla Motors CEO Elon Musk took to Twitter this week to announce that Tesla Motors was cash flow positive last week for the very first time! The news follows on from hard work put in by Tesla over the past few years.

The Model S has helped easy the cash flow. The Model S electric-sedan went on sale recently with 5,000 sales expected before the end of 2012. Despite recent production and supply delays and total revenue dropping to $50.1 million from $57.7 million, it seems that things are starting to brighten up.

The Tesla Model S will get a price increase next year. The next goal for the electric car company will be to turn a cash flow positive quarter.

Published: December 6, 2012 3:56 pm

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