Tesla reached profitability in the first quarter of 2013 for the first time in its ten year history. Total revenues for Q1 rose 83% from Q4 to $562 million, a new record for Tesla. Tesla said it expected this to decline significantly in future quarters, as ZEV credits will only apply to about 1/6 of worldwide deliveries, versus roughly half of US deliveries, and the price per credit has declined. Tesla expects operating expenses to increase moderately in Q2. MORE
The legislative battle that pits Ohio car dealers against Tesla Motors and its company-owned stores continues. The Cleveland Plain Dealer reports that the car dealers are once again pushing legislation that would keep Tesla from selling cars in the Buckeye State. MORE: Auto Dealers'' Fight Against Tesla Stores: Elon Musk Weighs In Senate Bill 260 MORE
On Thursday, the Tesla Motors letter to shareholders contained a verification of a some of us reported on the last couple weeks. Namely, there's a site near Reno Nevada where preparations are underway for what looked like MORE
It had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. Finance Elon Musk Tesla Motors plug-in cars Stock MarketThe California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to purchase $20 million of common stock in this. MORE
Tesla Motors started deliveries of its all-electric Roadster more than six years ago. Green Elon Musk New car sales Tesla Motors plug-in cars sales Since then, the Silicon Valley electric-car maker has released its sales data in various ways at various times, usually only during quarterly earnings reports. Today, the company announced that it would provide quarterly sales numbers just after each three-month. MORE
Big guns in the US auto industry like General Motors and Chrysler may still be reeling from the credit crunch, but upstart electric vehicle manufacturer Tesla Motors has achieved overall corporate profitability in July. This includes a more powerful motor as well as forged wheels and a customer’s Roadster Sport sprinted the quarter mile in 12.643 seconds in late July setting a class record in the National Electric Drag Racing Association. MORE
The fans have spoken: Over 100,000 people have now signed a White House petition asking for Tesla Motors [NSDQ:TSLA] to be allowed to sell its cars directly in all fifty states. MORE
In 1962, a 39-year-old Carroll Shelby stuffed a Ford V-8 into an AC Ace to create one of the most sought after performance cars ever made, the AC Cobra. Some 50 years later, a group of engineers from British Columbia, Canada has brought Shelby's idea—small two-seat sports car, very big power—into a new age. EPower Racing has been. Custom plug-in cars Race Cars Battery Electric Vehicle (BEV) youtube AC Cobra MORE
Many among the Detroit auto media were skeptical of Tesla Motors for years, correctly noting just how hard it is to start a car company and build a genuinely appealing product--electric car or not. But as Tesla continues to sell Model S electric luxury sedans, expanding into Europe and China as well as North America, some of those skeptics seem to MORE
On Wednesday, Tesla Motors released their Q1 2016 financial results. The big news was not the $282 million GAAP loss for the quarter, nor that the Tesla Model X production is now humming along. MORE
Silicon Valley electric-car maker Tesla Motors is reportedly in talks with the German government to establish a lithium-ion battery plant in that country, which could kickstart slow sales of its Model S and future vehicles. And as is usual in cases of new industrial facilities, Tesla will. Germany battery pack Tesla Motors gigafactory Tesla PowerwallWell, here's one that ought to irk the German automakers. MORE
The US Department of Energy has closed its $465 million loan with Tesla Motors, Inc. The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. Tesla’s planned Model S is being designed to offer a variety of range options depending on the battery pack used, from 160 to 300 miles on a single charge. MORE
It’s been a breakthrough year for Tesla Motors. While many electric car start-ups have fallen by the wayside during the year, Tesla finally posted profits during the first quarter of 2013 (see article): its first profits after 10 years in business. Tesla Motors Green Hero MORE
It wasn't quite a message in a bottle, but Tesla boss Elon Musk tweeted Saturday night some specifications and a ballpark price for his company's long-awaited all-wheel-drive and performance versions of the Model 3. Elon Musk Tesla MotorsThe all-wheel-drive Model 3 will add $5,000 to the base Model 3's price and offer the same 310-mile range as the Long Range Battery. MORE
Tesla Motors introduced the first elements of its European Supercharger network—a set of fast charging stations across Norway. With locations in Lyngdal, Aurland, Dombås, Gol, Cinderella and Lillehammer, Norway’s most vital and commonly used roads and highways are covered by Tesla Superchargers. MORE
As Tesla Motors [NSDQ:TSLA] faces the obstacle of obstreperous dealer organizations, rides the wave of its strong production figures, and quietly welcomes recent evidence that its batteries in the Roadster are lasting longer than predicted, another development: the electric car company has purchased a 35-acre tract adjacent to its Fremont, CA MORE
As promised, Tesla Motors CEO Elon Musk demonstrated a battery swap option for the Model S. The scenario, said Musk, is that each Tesla Supercharging station (“Tesla station”) would have a swap option. The swap, which, similar to the Better Place approach, has the target vehicle drive over a pit for removal of the old and insertion of a new pack, takes about 90 seconds. MORE
Yeah, Elon Musk has an RV compound at Burning Man this year, with air conditioning and catering and such. Show of hands, who's not surprised MORE
On Thursday, the Tesla Motors letter to shareholders contained a verification of a some of us reported on the last couple weeks. Namely, there's a site near Reno Nevada where preparations are underway for what looked like MORE
On Tuesday, the New Jersey Motor Vehicle Commission (NJMVC) approved a new rule requiring that all new-car dealers have a franchise agreement in order to sell cars in New Jersey. This effectively blocks Tesla Motors, who directly MORE
Tesla Motors is determined to wipe out concerns over garage fires after announcing it will introduce an improved wall adapter with thermal fuse. Latest News Green cars Electric cars Tesla Motors MORE
Electric-vehicle manufacturer Tesla Motors said it achieved overall corporate profitability in July with approximately $1 million of earnings on revenue of $20 million. Profitability arose primarily from improved gross margin on the Roadster 2, the second iteration of Tesla’s award-winning sports car, the company said. Tesla shipped a record 109 vehicles in July and enjoyed a surge in new Roadster purchases. MORE
Martin Eberhard, Tesla Motors CEO, testified at the Senate Finance Committee yesterday. Tags: martin eberhard electric cars hummer tesla motors In a succinct presentation, he makes the case for electricity. And he suggests turning the perverse federal incentives that brought us the Hummer on their head. Read his complete testimony here. MORE
Tesla Motors and Panasonic Corporation have expanded their agreement, committing to the supply of close to two billion lithium-ion batteries until December 31, 2017. Latest News Green cars Electric cars Lithium-ion batteries Tesla Motors MORE
Brian Sandoval has the news wires buzzing with a rumor that Tesla Motors has chosen its Gigafactory location. A major economic development announcement scheduled for 4PM Thursday by Nevada Gov. MORE
When Tesla Motors received a cash infusion from Daimler for less than 10% of their shares, one of their objectives was to begin opening more stores in key markets around the world. Per the press release linked below, Tesla's Chicago store, located at 1053 W Grand Since then, they have opened stores in Colorado, Monaco, Miami and now Chicago. MORE
A bid in Ohio to block Tesla Motors from selling cars in that state has been defeated in the Ohio State Legislature on Tuesday. A last minute amendment to Senate Bill 137 would have prevented "a manufacturer or MORE
Electric-car startup Tesla Motors attracts huge interest, lots of controversy, and truly passionate customers and followers. DON'T MISS: Tesla Not. Green Elon Musk Tesla Motors Videos plug-in cars MORE
Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR). Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning. MORE
On June 5, a Tesla Motors fan mounted what seemed like another quixotic effort to support Tesla in selling its electric cars directly to buyers. The petition at WhiteHouse.gov that he or she launched required 100,000 people to sign it within a month, by Friday, July 5. Suddenly, it seems that petition may actually get the needed support--helped MORE
Last week, Tesla Motors CEO Elon Musk issued an updated version of the "master plan" whose first edition he wrote way back in 2006. As with virtually all things Tesla, the plan has generated quite a. Tesla Motors plug-in cars solar self-driving cars ridesharingIt included proposals for everything from an electric semi truck to the development of fully-autonomous cars that could be shared among owners. MORE
Where we stand: May, 2011 We break with our traditional format for Manufacturer Spotlight this month to take a look at a car maker that focuses solely on the manufacture of electric vehicles and electric vehicle powertrain components – Tesla Motors. Manufacturer Spotlight Tesla Motors Model S Roadster Roadster Sport Tesla U.S MORE
Having begun the first European deliveries of Model S, Tesla Motors opened its Tilburg Assembly Plant. The Tilburg facility will serve as the final assembly and distribution point for Model S vehicles sold in Europe as well as Tesla’s European service and parts headquarters. Being centrally located in Tilburg enables efficient, timely and cost effective operations throughout Europe, Tesla says. MORE
Ah, Tesla Motors, source of hope, dreams, visions, contempt, dismissal, hilarity, frustration, and so much more. Tesla Motors plug-in cars PollsThe Silicon Valley startup automaker, now in its ninth year of making electric cars, has built close to 150,000 expensive battery-powered luxury vehicles and defied critics numerous times. So what do our readers think the future holds. MORE
Tesla is once again facing copyright issues over its name in China, up against a trend the industry knows as "trademark trolls". When Tesla first made plans to sell cars in China, it came up against a businessman called Zhan Baosheng. Zhan had trademarked the Tesla name for automotive back in 2006, three years after Tesla formed in the U.S. MORE
A bid in Ohio to block Tesla Motors from selling cars in that state has been defeated in the Ohio State Legislature on Tuesday. A last minute amendment to Senate Bill 137 would have prevented "a manufacturer or MORE
As it works to increase sales volumes, Tesla has some ambitious plans for the next few years. Manufacturing engineering jobs Tesla Motors plug-in carsThe carmaker has several large projects in the works, including its Nevada battery "Gigafactory," the 200-mile Model 3 $35,000 electric car, and continued development of its Autopilot autonomous-driving technology. So perhaps it's not surprising that. MORE
Panasonic Corporation has invested $30 million in Tesla Motors. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 Tesla currently uses Panasonic battery cells in its battery packs and has collaborated with Panasonic on the development of next-generation battery cells designed specifically for electric vehicles. We are proud to strengthen our relationship with Tesla Motors. MORE
Tesla Motors commands outsize attention within the world of electric cars--and the auto industry in general. management Elon Musk Tesla Motors Executives plug-in carsIts CEO, Elon Musk, has a huge personal following that eagerly hangs on his every word. Or perhaps "his every tweet" would be more appropriate, Twitter often being his preferred mode for communicating and, seemingly, thinking out loud. MORE
Brian Sandoval has the news wires buzzing with a rumor that Tesla Motors has chosen its Gigafactory location. A major economic development announcement scheduled for 4PM Thursday by Nevada Gov. MORE
Three workers have suffered burns in an accident at the Fremont, California assembly plant, where Tesla Motors builds its Model S electric car. According to the company, a low-pressure aluminum casting press failed on Wednesday afternoon, spilling hot metal onto the workers. All three employees were immediately taken to Valley Medical Center in MORE
It's never dull over at Tesla Motors, but tomorrow is a particularly important day. That's because after the stock market closes, Tesla Motors [NSDQ:TSLA] will give the first hints about whether it could genuinely become a profitable independent carmaker. MORE
Tesla Motors and their battery supplier, Panasonic, announced on Wednesday an agreement in which Panasonic will expand supplies of automotive-grade lithium-ion battery cells to Tesla. MORE
Tesla Motors Related Topics Green Car Reports
NOVEMBER 18, 2016
Ah, Tesla Motors, source of hope, dreams, visions, contempt, dismissal, hilarity, frustration, and so much more. Tesla Motors plug-in cars PollsThe Silicon Valley startup automaker, now in its ninth year of making electric cars, has built close to 150,000 expensive battery-powered luxury vehicles and defied critics numerous times. So what do our readers think the future holds.
Green Cars News
SEPTEMBER 27, 2013
It’s been a breakthrough year for Tesla Motors. While many electric car start-ups have fallen by the wayside during the year, Tesla finally posted profits during the first quarter of 2013 (see article): its first profits after 10 years in business. Tesla Motors Green Hero
Green Car Reports
JULY 25, 2016
Last week, Tesla Motors CEO Elon Musk issued an updated version of the "master plan" whose first edition he wrote way back in 2006. As with virtually all things Tesla, the plan has generated quite a. Tesla Motors plug-in cars solar self-driving cars ridesharingIt included proposals for everything from an electric semi truck to the development of fully-autonomous cars that could be shared among owners.
Green Car Reports
NOVEMBER 17, 2015
Silicon Valley electric-car maker Tesla Motors is reportedly in talks with the German government to establish a lithium-ion battery plant in that country, which could kickstart slow sales of its Model S and future vehicles. And as is usual in cases of new industrial facilities, Tesla will. Germany battery pack Tesla Motors gigafactory Tesla PowerwallWell, here's one that ought to irk the German automakers.
Green Car Reports
AUGUST 13, 2015
It had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. Finance Elon Musk Tesla Motors plug-in cars Stock MarketThe California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to purchase $20 million of common stock in this.
Green Car Reports
JULY 17, 2015
Tesla Motors commands outsize attention within the world of electric cars--and the auto industry in general. management Elon Musk Tesla Motors Executives plug-in carsIts CEO, Elon Musk, has a huge personal following that eagerly hangs on his every word. Or perhaps "his every tweet" would be more appropriate, Twitter often being his preferred mode for communicating and, seemingly, thinking out loud.
Green Car Reports
DECEMBER 10, 2015
As it works to increase sales volumes, Tesla has some ambitious plans for the next few years. Manufacturing engineering jobs Tesla Motors plug-in carsThe carmaker has several large projects in the works, including its Nevada battery "Gigafactory," the 200-mile Model 3 $35,000 electric car, and continued development of its Autopilot autonomous-driving technology. So perhaps it's not surprising that.
Green Car Reports
APRIL 3, 2015
Tesla Motors started deliveries of its all-electric Roadster more than six years ago. Green Elon Musk New car sales Tesla Motors plug-in cars sales Since then, the Silicon Valley electric-car maker has released its sales data in various ways at various times, usually only during quarterly earnings reports. Today, the company announced that it would provide quarterly sales numbers just after each three-month.
National Green Transportation
MAY 4, 2016
On Wednesday, Tesla Motors released their Q1 2016 financial results. The big news was not the $282 million GAAP loss for the quarter, nor that the Tesla Model X production is now humming along.
Green Car Congress
MAY 9, 2013
Tesla reached profitability in the first quarter of 2013 for the first time in its ten year history. Total revenues for Q1 rose 83% from Q4 to $562 million, a new record for Tesla. Tesla said it expected this to decline significantly in future quarters, as ZEV credits will only apply to about 1/6 of worldwide deliveries, versus roughly half of US deliveries, and the price per credit has declined. Tesla expects operating expenses to increase moderately in Q2.
Green Cars News
OCTOBER 31, 2013
Tesla Motors and Panasonic Corporation have expanded their agreement, committing to the supply of close to two billion lithium-ion batteries until December 31, 2017. Latest News Green cars Electric cars Lithium-ion batteries Tesla Motors
Green Car Congress
AUGUST 30, 2013
Tesla Motors introduced the first elements of its European Supercharger network—a set of fast charging stations across Norway. With locations in Lyngdal, Aurland, Dombås, Gol, Cinderella and Lillehammer, Norway’s most vital and commonly used roads and highways are covered by Tesla Superchargers.
Green Cars News
MAY 13, 2011
Where we stand: May, 2011 We break with our traditional format for Manufacturer Spotlight this month to take a look at a car maker that focuses solely on the manufacture of electric vehicles and electric vehicle powertrain components – Tesla Motors. Manufacturer Spotlight Tesla Motors Model S Roadster Roadster Sport Tesla U.S
Electric Cars are for Girls
SEPTEMBER 2, 2011
Yeah, Elon Musk has an RV compound at Burning Man this year, with air conditioning and catering and such. Show of hands, who's not surprised
National Green Transportation
DECEMBER 3, 2013
A bid in Ohio to block Tesla Motors from selling cars in that state has been defeated in the Ohio State Legislature on Tuesday. A last minute amendment to Senate Bill 137 would have prevented "a manufacturer or
National Green Transportation
SEPTEMBER 3, 2014
Brian Sandoval has the news wires buzzing with a rumor that Tesla Motors has chosen its Gigafactory location. A major economic development announcement scheduled for 4PM Thursday by Nevada Gov.
Green Car Congress
SEPTEMBER 19, 2014
Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR). Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning.
National Green Transportation
DECEMBER 3, 2013
A bid in Ohio to block Tesla Motors from selling cars in that state has been defeated in the Ohio State Legislature on Tuesday. A last minute amendment to Senate Bill 137 would have prevented "a manufacturer or
Green Car Reports
FEBRUARY 19, 2013
It's never dull over at Tesla Motors, but tomorrow is a particularly important day. That's because after the stock market closes, Tesla Motors [NSDQ:TSLA] will give the first hints about whether it could genuinely become a profitable independent carmaker.
Green Car Reports
JULY 3, 2013
The fans have spoken: Over 100,000 people have now signed a White House petition asking for Tesla Motors [NSDQ:TSLA] to be allowed to sell its cars directly in all fifty states.
Green Car Congress
AUGUST 10, 2009
Electric-vehicle manufacturer Tesla Motors said it achieved overall corporate profitability in July with approximately $1 million of earnings on revenue of $20 million. Profitability arose primarily from improved gross margin on the Roadster 2, the second iteration of Tesla’s award-winning sports car, the company said. Tesla shipped a record 109 vehicles in July and enjoyed a surge in new Roadster purchases.
Green Car Congress
AUGUST 23, 2013
Having begun the first European deliveries of Model S, Tesla Motors opened its Tilburg Assembly Plant. The Tilburg facility will serve as the final assembly and distribution point for Model S vehicles sold in Europe as well as Tesla’s European service and parts headquarters. Being centrally located in Tilburg enables efficient, timely and cost effective operations throughout Europe, Tesla says.
Green Car Congress
JUNE 21, 2013
As promised, Tesla Motors CEO Elon Musk demonstrated a battery swap option for the Model S. The scenario, said Musk, is that each Tesla Supercharging station (“Tesla station”) would have a swap option. The swap, which, similar to the Better Place approach, has the target vehicle drive over a pit for removal of the old and insertion of a new pack, takes about 90 seconds.
Green Car Reports
DECEMBER 17, 2017
In 1962, a 39-year-old Carroll Shelby stuffed a Ford V-8 into an AC Ace to create one of the most sought after performance cars ever made, the AC Cobra. Some 50 years later, a group of engineers from British Columbia, Canada has brought Shelby's idea—small two-seat sports car, very big power—into a new age. EPower Racing has been. Custom plug-in cars Race Cars Battery Electric Vehicle (BEV) youtube AC Cobra
Green Car Reports
JULY 9, 2014
Tesla is once again facing copyright issues over its name in China, up against a trend the industry knows as "trademark trolls". When Tesla first made plans to sell cars in China, it came up against a businessman called Zhan Baosheng. Zhan had trademarked the Tesla name for automotive back in 2006, three years after Tesla formed in the U.S.
Green Car Congress
NOVEMBER 4, 2010
Panasonic Corporation has invested $30 million in Tesla Motors. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 Tesla currently uses Panasonic battery cells in its battery packs and has collaborated with Panasonic on the development of next-generation battery cells designed specifically for electric vehicles. We are proud to strengthen our relationship with Tesla Motors.
National Green Transportation
JULY 31, 2014
On Thursday, the Tesla Motors letter to shareholders contained a verification of a some of us reported on the last couple weeks. Namely, there's a site near Reno Nevada where preparations are underway for what looked like
Green Car Reports
APRIL 7, 2014
Many among the Detroit auto media were skeptical of Tesla Motors for years, correctly noting just how hard it is to start a car company and build a genuinely appealing product--electric car or not. But as Tesla continues to sell Model S electric luxury sedans, expanding into Europe and China as well as North America, some of those skeptics seem to
National Green Transportation
MARCH 11, 2014
On Tuesday, the New Jersey Motor Vehicle Commission (NJMVC) approved a new rule requiring that all new-car dealers have a franchise agreement in order to sell cars in New Jersey. This effectively blocks Tesla Motors, who directly
National Green Transportation
SEPTEMBER 3, 2014
Brian Sandoval has the news wires buzzing with a rumor that Tesla Motors has chosen its Gigafactory location. A major economic development announcement scheduled for 4PM Thursday by Nevada Gov.
Green Car Reports
FEBRUARY 12, 2014
The legislative battle that pits Ohio car dealers against Tesla Motors and its company-owned stores continues. The Cleveland Plain Dealer reports that the car dealers are once again pushing legislation that would keep Tesla from selling cars in the Buckeye State. MORE: Auto Dealers'' Fight Against Tesla Stores: Elon Musk Weighs In Senate Bill 260
All Cars Electric
JANUARY 21, 2010
When Tesla Motors received a cash infusion from Daimler for less than 10% of their shares, one of their objectives was to begin opening more stores in key markets around the world. Per the press release linked below, Tesla's Chicago store, located at 1053 W Grand Since then, they have opened stores in Colorado, Monaco, Miami and now Chicago.
National Green Transportation
OCTOBER 30, 2013
Tesla Motors and their battery supplier, Panasonic, announced on Wednesday an agreement in which Panasonic will expand supplies of automotive-grade lithium-ion battery cells to Tesla.
National Green Transportation
JULY 31, 2014
On Thursday, the Tesla Motors letter to shareholders contained a verification of a some of us reported on the last couple weeks. Namely, there's a site near Reno Nevada where preparations are underway for what looked like
Green Car Reports
MAY 20, 2018
It wasn't quite a message in a bottle, but Tesla boss Elon Musk tweeted Saturday night some specifications and a ballpark price for his company's long-awaited all-wheel-drive and performance versions of the Model 3. Elon Musk Tesla MotorsThe all-wheel-drive Model 3 will add $5,000 to the base Model 3's price and offer the same 310-mile range as the Long Range Battery.
Green Car Reports
JULY 19, 2013
As Tesla Motors [NSDQ:TSLA] faces the obstacle of obstreperous dealer organizations, rides the wave of its strong production figures, and quietly welcomes recent evidence that its batteries in the Roadster are lasting longer than predicted, another development: the electric car company has purchased a 35-acre tract adjacent to its Fremont, CA
Green Car Reports
JUNE 30, 2013
On June 5, a Tesla Motors fan mounted what seemed like another quixotic effort to support Tesla in selling its electric cars directly to buyers. The petition at WhiteHouse.gov that he or she launched required 100,000 people to sign it within a month, by Friday, July 5. Suddenly, it seems that petition may actually get the needed support--helped
Green Car Reports
NOVEMBER 14, 2013
Three workers have suffered burns in an accident at the Fremont, California assembly plant, where Tesla Motors builds its Model S electric car. According to the company, a low-pressure aluminum casting press failed on Wednesday afternoon, spilling hot metal onto the workers. All three employees were immediately taken to Valley Medical Center in
Green Car Congress
JANUARY 22, 2010
The US Department of Energy has closed its $465 million loan with Tesla Motors, Inc. The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. Tesla’s planned Model S is being designed to offer a variety of range options depending on the battery pack used, from 160 to 300 miles on a single charge.
Green Cars News
AUGUST 10, 2009
Big guns in the US auto industry like General Motors and Chrysler may still be reeling from the credit crunch, but upstart electric vehicle manufacturer Tesla Motors has achieved overall corporate profitability in July. This includes a more powerful motor as well as forged wheels and a customer’s Roadster Sport sprinted the quarter mile in 12.643 seconds in late July setting a class record in the National Electric Drag Racing Association.
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