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Tesla Was Cash Flow Positive Last Week, CEO Musk Says

Tesla Motors Inc. (TSLA), the maker of electric vehicles led by billionaire Elon Musk, was cash flow positive last week, the chief executive officer said yesterday in a posting on Twitter.

“Am happy to report that Tesla was narrowly cash flow positive last week,” Musk, 41, wrote in the message to his more than 112,000 followers. “Continued improvement expected through year end.” Musk’s message, which was re-posted more than 500 times by Twitter users, provided no additional information.

Tesla, which hasn’t turned a quarterly profit, is racing to expand production of the rechargeable Model S sedan at its factory in Fremont, California. The base price of the car will increase by $2,500 to $59,900 on Jan. 1, the Palo Alto, California-based company said last week in a statement.
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