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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."
On Wednesday, Tesla Motors, the U.S.-based electric automaker partially backed by Toyota and Daimler, announced second-quarter revenue of $58 million, marking the firm's highest reported revenue in a single quarter to date. In a conference call with analysts, a geeked Elon Musk, Tesla's chief executive officer, stated:
On Wednesday, electric automaker Tesla Motors reported a deep second-quarter loss as spending on research and development for upcoming vehicles, including the Model S and Model X, more than offset the automaker's gains in revenue.