Tesla Back to Profit

At least this is what company officials are claiming as we haven't seen Tesla's books. Nevertheless, Tesla is again profitable, with strong sales in July bringing $20 million in revenue. The manufacturer delivered a total of 109 vehicles in July, each of them priced at $109,000. Obviously, doing some basic math operations doesn't actually explain the $20 million in revenue so we're still waiting to see Tesla's full sales details for the last month.

"We achieved a bottom-line profitability thanks to a tremendous amount of hard work by the Tesla team to improve quality, while simultaneously reducing costs on the Roadster," CEO Elon Musk was quoted as saying by motorauthority.com.

"This also shows that there is strong demand for a car that is unique in offering high performance with a clean conscience. Moreover, customers know that in buying the Roadster they are helping fund development of our mass market electric cars."

Tesla Roadster buyers can also benefit from US financing from Bank of America which covers up to 75 percent of the total purchase price.

“This announcement will help advance EV adoption by allowing more Americans to experience the joy and convenience of owning a Tesla,” said Elon Musk back in July. “And like our current customers, our new customers will never need to visit a gas station again.”

Thanks to the aforementioned financing, a customer approved for a 5-year financing term on a base Roadster could put down as little as $20,000, taxes not included. The monthly payment would be approximately $1,700 at a 5 percent annual percentage rate (APR).