TreeHugger reports that Tesla Motors is making a profit - Tesla sold a record 5,500 electric cars in the third quarter, turned a profit.
So Tesla just released its third quarter results, here are some highlights (Elon Musk writes these letters to shareholders):We are now producing 550 cars per week with improved process controls which consistently result in high quality cars. Consequently, we finished the quarter with a record of slightly over 5,500 deliveries, including over 1,000 deliveries to European customers. Production in the quarter significantly exceeded deliveries in order to fill the pipeline of vehicles in transit to Europe and provide cars for service and marketing uses.That last part is important: Production "significantly" exceeded deliveries. The 5,500 total deliveries in the quarter actually don't represent all EVs made. In fact, North-American sales are being held back by the need to sell in other markets.