Tesla to turn a profit in July, CEO says
Not gas: The 100 percent electric Tesla Roadster juices up at an auto show in Paris last month.
Newscom
Citing decreased production costs, Tesla CEO Elon Musk has announced that his electric car company stands to make some money next month.
A Monday morning blog post focused mainly on refuting claims made by ousted company founder Martin Eberhard in earlier this month. But Mr. Musk also tucked in word that material costs for the company's $100,000 Roadster had dropped from $140,000 to $80,000. That, combined with steady production of 20-30 of the Roadsters per week, and the positive reception of its higher-priced Roadster Sport, will allow the company to turn a profit in July, .
The upstart car company has been in the headlines quite a bit recently. In late May it of the Roadsters in the wild, pledging to to correct a manufacturing defect that originated at Lotus, the British carmaker contracted to assemble the cars' frames.
Earlier last month the company received a $50 million shot in the arm from Daimler when the German auto giant bought a 10 percent stake in the California company, which brought the five-year-old company , as Business Week reported.
And of course, Musk made waves when he brought the company's new four-door Model S to David Letterman's show in April, dissing the Chevy Volt (and ruffling GM's feathers) in the process.
Here's a look (in HD) at the Roadster in action.
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The Tesla roadster goes 0-60 in four seconds. to keep up!