Elon Musk’s electric car company Tesla Motors is now cash-flow positive
Elon Musk just disclosed on CNBC that last week, for the first time, Tesla Motors was “mildly cash-flow positive.” That’s only a couple weeks later than Musk’s earlier prediction that Tesla would become cash-flow positive by the end of November. The electric-car company is also paying back early its $465 million loan from the US Department of Energy, and the company is ramping up production to 200 cars per week.
Elon Musk just disclosed on CNBC that last week, for the first time, Tesla Motors was “mildly cash-flow positive.” That’s only a couple weeks later than Musk’s earlier prediction that Tesla would become cash-flow positive by the end of November. The electric-car company is also paying back early its $465 million loan from the US Department of Energy, and the company is ramping up production to 200 cars per week.