Tesla Motors unveiled the Model X in February, remaining on the forefront of the electric car market. Many competing electric car companies have filed for bankruptcy or gone out of business.
Tesla (NASDAQ: TSLA) plans to release its new Model S sedan later this year, and if its quarterly returns are any indication, investors are excited about the debut.
Tesla Motors unveiled its third range of cars last night, the crossover utility vehicle called the Model X. Faster than a Porsche, but with “falcon wing” doors, the car was met with mixed reviews.
Palo Alto based electric car manufacturer, Tesla Motors posted better than expected earnings bolstered by greater revenues and increasing activity in their powertrain business with Toyota and Daimler AG.