Tesla beats expectations, thanks to some fun with accounting

Once again the electric car company destroys expectations — and bends the rules

Tesla dealership
(Image credit: Joe Raedle/Getty Images)

In the upstream race to make a profit off electric cars, Tesla Motors is still the fastest fish.

The California-based electric car maker on Wednesday afternoon reported a profit of $.20 per share off $405 million in revenue — once again defying expectations for a loss of $.19 per share on $387.9 million in revenue.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.