Tesla Continues to Defy its Critics (Mostly) - 2013 Cars News

Depending on whom you ask, Tesla is either doing well or its being deceptive in regards to its accounting. Life at Tesla is good these days. The EV automaker has just announced that it sold 5,150 Model S EV sedans in the US last quarter. Why is that a good number? Because the $69,900 Model S is selling about the same number of units as the Chevy Volt and Nissan Leaf, which are both considerably less expensive. Tesla also confirmed that it�s building almost 500 vehicles a week. Oh yeah, it also said it made $26.2 million. And it also lost $30 million. Say what? Here�s what: Basically, Tesla included in its quarterly report its leasing accounting.


Source: Carbuzz