Tesla’s Model S Beats Sales Goals, Makes Profitability Likely

Tesla cuts budget Model S, but looks on course to make money.

Tesla has said it has beaten its sales goal for the first quarter, selling 4,750 Model S electric cars–that’s 250 above its predicted quota. If sales keep up, the company looks like it will safely reach its plan to sell 20,000 vehicles this year.

The company has also said it won’t be selling the 40 kWh version of the car because it wasn’t seeing enough demand for the entry-level option.

Read Full Story

via Fast Company http://www.fastcompany.com/3007665/tech-forecast/teslas-model-s-beats-sales-goals-makes-profitability-likely?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29