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12Tesla posts record revenue of $58 million in 2nd quarter, stock price plummets

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:

18Tesla CFO: Revenue may rise by 40-50% in 2011 (after losing $51m last quarter)

Sounds like there's money to be made in electric cars. Tesla Motors, the U.S.-based electric automaker partially backed by Toyota and Daimler, expects that its revenue may rise by 50 percent in 2011 due to a projected increase in demand for its Roadster and lithium-ion battery packs. This is what Deepak Ahuja, Tesla's chief financial officer, told Bloomberg during a recent conference call, saying "We project revenue to increase about 40 to 50 percent in 2011, to $160 million to $175 million."

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