Upstart Tesla Motors proved the time is ripe for a new car company, reporting a profit of approximately $1 million on revenue of $20 million for the month of July. Tesla reduced its cost to build its electric sports car, while introducing the more expensive Roadster Sport model to its model line-up. The company shipped 109 cars in July, its highest output to date, reflecting an improved assembly process at its Menlo Park, Calif., facility. Tesla reports expanding sales to European customers for the third quarter, along with expansion into other countries, including Russia.
Earlier this year, Tesla won a … Read more