Tesla Expects First Quarter Profit in 2013

Tesla stock jumped $6.64 or more than 17%, to $44.53 on the news early Monday.

Published: 02-Apr-2013

Tesla Motors says its electric sedan sales have exceeded the guidance it laid out two months ago and it expects to show a profit in the first quarter, a big victory for small high-tech automaker.

Tesla stock jumped $6.64 or more than 17%, to $44.53 on the news early Monday.

But customers who want to try to jump on the bandwagon to own one of the chic electric cars on the cheap may be in for a disappointment.

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