Tesla's GREAT FINANCIAL NEWS

[GHook93]

No other way to say it, the Model S is a HUGE success, a game changer and a revolutionary technological advancement the electric car needed in the 1st generation to get to the 2nd generation.

NOTE: 1st generation always are marked with high purchase prices (much like the first gen cell phones, TVs or Computers), wavering profits and lower than current technological sales and demand. However, there must be a technological ACHIEVEMENT that allows the tech to get to the next gen. It happened with the first Apple and IBM PCs and it happening with Leaf and Model S (and to a smaller extent the Volt).

Tesla's results supercharge its stock- MSN Money
Elon Musk's electric car company, saw its shares soar after it reported quarterly earnings on Wednesday that far exceeded Wall Street's already-lofty expectations.

The company reported a net loss of $30.5 million, or 26 cents per share, narrowing a net loss of $105.6 million, or $1 a share, a year earlier. Excluding one-time items, profit was 20 cents per share. On that basis, Wall Street expected Tesla to lose 20 cents. Revenue skyrocketed to $405.1 million, surpassing the $387.9 million consensus forecast.

What's driving -- pardon the pun -- Tesla's success is the surging popularity of its Model S sedan (pictured below), which in July earned Consumer Reports' highest score. The publication called it "easily the most practical electric car we’ve tested."

During the second quarter, Tesla ramped up its Model S delivery rate to 5,150 cars, beating its internal target of 4,500.

"Clearly, the margins they achieved in the near-term were really impressive," Craig Irwin, clean tech analyst at Wedbush Securities, told CNBC. "Tesla is evolving so amazingly fast. ... I personally believe that they (will) get taken out but not in the near term."

Tesla Motors CEO Elon Musk drives a Model S at the Tesla factory in Fremont, Calif. on October 1, 2011 (© Stephen Lam/Newscom/Reuters)CNBC's anchors noted that Tesla's market cap is near $16 billion, while the market values General Motors (GM +0.08%), which produces far more cars, at $49.1 billion. Irwin, however, argued that there are some key differences between the companies.

"Tesla is really a technology company that makes cars," he said. Unlike GM, "They don't have legacy health care issues. Thy don't have legacy pension issues."

Shares of Tesla are trading around $153 in early Thursday trading, up more than 14%. They have surged more than 300% since the start of the year.

More than 13,000 Model S's are on now North American roads. And Tesla this week delivered its first cars in Europe. It has 800 vehicles on order in Norway alone. Demand is expected to be strong across Europe.