Those who've sold Tesla Motors (TSLA) shares for a million or more in gains belong to a new exclusive club, the "Teslanaires" club. If you've been following the stock price, you know this has been a great year to own those shares – since May of this year, after first quarter earnings were announced, the prices started shooting up. If you were fortunate to own a portfolio of Tesla stock, that value skyrocketed from around $40 a share in April to around $160 a share in September. The market
According to Bloomberg, Tesla actually earned money last week. CEO Elon Musk sent out a message on Twitter saying his company was "narrowly cash positive." That's big news for a company that hasn't turned a quarterly profit as of yet. Tesla is currently in the middle of stepping up production for its Model S sedan, and has announced the vehicle's MSRP will jump by $2,500, presumably to help fund that expansion.
According to its Third Quarter 2012 Shareholder Letter, Tesla "is now at over 200 cars per week or 10,000 cars per year, which is at the critical threshold needed for Tesla to generate positive operating cash flow."
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.