From CNBC: “The electric car maker posted second-quarter earnings per share of 11 cents, excluding items, compared to 20 cents a share a year ago. Revenue for the quarter came in at $858 million, against the year-ago figure of $552 million. Wall Street analysts were expecting Tesla to post earnings, excluding items, of 4 cents per share on $811 million in revenue, according to a consensus estimate from Thomson Reuters.

Tesla is gaining momentum while sales and capacity are growing. Selling just over 2,500 cars in 2012, just under 20,000 in 2013 Tesla is on track to deliver 35,000 cars this year. Tesla has also confirmed a partnership with Panasonic in conjunction with the ‘Gigafactory’ to build lithium ion batteries. This will help reduce costs with scale of economy and increase production capacity. Tesla CEO Elon Musk expects more partnerships to be announced soon. Tesla is rolling!

Resource: CNBC article

Resource: TechCrunch article

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