Thursday, May 10, 2012

Tesla posts $89.9M Q1 loss, Model S coming sooner than expected

Tesla posts $89.9M Q1 loss, Model S coming sooner than expected

It seems like we've been hearing about the Tesla Model S for a decade, but a report in Yahoo. states that the electric sedan is only a month away from production. That's about one month ahead of schedule, as Tesla is reportedly wrapping up crash testing fast enough to start making the hotly anticipated EV. The Model S couldn't come at a much better time for Tesla, as the automaker just announced a first quarter loss of $89.9 million. The prospects aren't any better for Q2, but the second half of the year should be an entirely different story.

Autoblog, Tesla posts $89.9M Q1 loss, Model S coming sooner than expected

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