Tesla slashes production costs, eyes July profit

Newswire

LOS ANGELES, June 22 (Reuters) - Electric car start-up Tesla Motors Inc has slashed production costs for its flagship Roadster sports car by 43 percent to about $80,000 per vehicle as of June, its chief executive said in a blogpost on Monday. Tesla, one of the biggest players in the burgeoning electric car sector, could be profitable as soon as next month, helped by demand for its Roadster Sport, CEO Elon Musk said. "Combined with a steady production volume of 20 to 30 per week in the ...

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