You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Tesla Motors posts profit for first time

Tesla Model S electric sedan, shown in 2012.

Reuters/File

Tesla Model S electric sedan, shown in 2012.

Continue reading below

Tesla Motors Inc. posted its first quarterly net profit since it was founded a decade ago. The Palo Alto, Calif.-based company, which makes electric vehicles, reported first-quarter net income of $11.2 million, or 10 cents per share, compared with a loss of 86 cents per share in the same period a year earlier. The company said it exceeded its targets for deliveries, expanded its gross margin, and improved execution. In the first quarter, Tesla said it produced 400 or more Model S vehicles per week for a total of more than 5,000. It had originally expected to produce 4,500.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.