Tesla’s Musk Says Model S Sold Out; Profit Likely in 2013
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Tesla Motors Inc., a U.S. maker of electric cars, is sold out of next year’s production of its new Model S sedan and should earn a profit in 2013, Chief Executive Officer Elon Musk said in a Bloomberg Television interview.
The company has orders for “more than 6,500” units of Model S to be built next year, Musk said. The premium electric sedan will retail for as little as about $50,000, half the price of Tesla’s current Roadster sports car, he said.