Tesla Motors, Inc.
Tesla reports earnings and boosts production
Tesla reports earnings and boosts production

Tesla Motors is promising a big boost in production of its electric cars, encouraging analysts to remain bullish on the Silicon Valley electric car company. In a second-quarter earnings announcement, Tesla said it would meet earlier projections of producing 35,000 of its high-end battery-powered cars this year -- and increase production to 100,000 next year. Tesla said it had revenue of $769 million for the quarter, using generally accepted accounting principles, including $23 million from sales of power-train components to Mercedes-Benz and Toyota, who both are using Tesla parts to build electric cars. Income for the quarter showed a loss of $62 million, or 50 cents a share. The...