05.11.2012 23:50 Uhr, Quelle: Engadget

Tesla reports great Q3 results, expects to be cash flow positive by Q4

Tesla's shares are up 3.9 percent to $30.04 on Monday due to Q3 results that point to better things ahead for the Californian EV maker. The company recently reported revenues of $50 million for the third quarter alone, and is well on track to hit its target of $400 to $440 million by year's end. In a letter to shareholders, Tesla credits production increase for the success, stating that it "successfully transitioned to a mass production car company, growing from manufacturing 5 cars per week at the beginning of the quarter to 100 cars per week by the end." Indeed, it apparently delivered almost 350 Model S cars in Q3, and expects about 2,500 to 3,000 more

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