Tesla Motors Reports Positive Cash Flow for Last Week
Having faced numerous setbacks in the last few months, Tesla has had to reduce the expected production output of the Model S, for the rest of the year, and increase the price of each car by $2,500, we weren`t really expecting them to turn a profit any time soon.
However, Tesla CEO Elon Musk has now reported that the company actually made money last week, according to Bloomberg, and that their cash flow was positive by a very “narrow” margin. Their main goal now is to increase the production volume for their only offering, in order to achieve their goal of building 20,000 units next year.
They will also begin preparation for the introduction of their all-wheel drive SUV EV, called the Model X, which is set to make its debut at the end of 2013, with deliveries poised to start at the start of 2014. It will be followed by a BMW 3-Series-sized car, which in turn will be followed by a replacement for the Roadster, set to make its debut in 2017.