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Tesla Motors says it will make profit on electric cars by April (+video)

Tesla Motors will operate at a profit in the first quarter of 2013, the company said in a letter to shareholders this week. The prediction advances by almost a whole year the company’s timeline for profitability, which had previously been set for the fourth quarter of 2013, Voelcker writes.

By John Voelcker, Guest blogger / February 22, 2013

A Tesla Motors Model S electric sedan, is displayed at the Tesla Motors factory in Fremont, Calif. The company expects to be slightly profitable by April 2013.

Stephen Lam/Reuters/File
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Tesla Motors announced its fourth-quarter and full-year results late yesterday, and offered some good news to the company’s shareholders.
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A look at the Tesla S, an electric car that goes from 0-60 mph in 5. 6 seconds and can travel up to 300 miles on a charge.

That would be the projection that Tesla Motors [NSDQ:TSLA] will operate at a profit in the current quarter, which ends March 31..
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