When reports came out last year for Q2, Tesla posted $93.2 million in losses. This year, in a bit of a surprise to analysts (who predicted another loss), Tesla Motors sits pretty with a $26.3 million profit. The newer electric car company, led by Elon Musk, gained 20 cents per share, which meant a 70 percent increase in net income from the first quarter of 2013. The company impressed by selling 5,150 Model S EVs, which start at around $70,000. And this wasn't the only good news that Tesla received this week.
Beyond the profit announcement jolting shares up another 15 percent, the Model S also received the NHTSA's 5-star safety rating. This after performing well in the frontal, side and rollover tests, as well as having the required stability control and Traction control. Musk can't lose right now.