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A Huge Week for Tesla Motors

The Silicon Valley auto start-up posted its first-ever quarterly profit -- just as Consumer Reports named its Model S one of the best cars it had ever tested.

By John Rosevear – May 12, 2013 at 10:30AM EST

Most start-ups dream of a week like the one Tesla Motors (TSLA +0.69%) just had. Late on Wednesday, the company reported its first-ever quarterly profit -- and sent its shares soaring. Then on Thursday, Consumer Reports anointed its Model S as equal to the best cars it had ever tested, an immense seal of approval for the company's innovative new ride.

In this video, Fool.com contributor John Rosevear takes a closer look at Tesla's latest earnings report -- and at the feisty electric-car maker's prospects for the rest of 2013 and beyond.

Read Next

About the Author

John Rosevear
John Rosevear is a senior contributing Motley Fool auto analyst covering automakers and trends shaping the global auto industry. John’s tenure with the company spans 15 years covering auto stocks, mutual funds, and retirement investing. He is a former CNBC reporter who covered the future of autos, including electric vehicles and self-driving cars. Prior to The Motley Fool, he worked at Fidelity Investments in communications and investor education roles. He holds a bachelor’s degree in government from Cornell University. He once spent an entire day sitting on the floor of Peter Lynch’s office – with Lynch present.
TMFMarlowe

Stocks Mentioned

Tesla Stock Quote
Tesla
NASDAQ: TSLA
$376.46
(+0.73%)+$2.74
Ford Motor Company Stock Quote
Ford Motor Company
NYSE: F
$12.38
(-0.80%)-$0.10
Toyota Motor Stock Quote
Toyota Motor
NYSE: TM
$192.32
(-1.92%)-$3.76
Nissan Motor Stock Quote
Nissan Motor
OTC: NSANY
$4.40
(-0.90%)-$0.04
Mercedes-Benz Group Ag Stock Quote
Mercedes-Benz Group Ag
OTC: MBGAF
$58.50
(-0.85%)-$0.50

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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