UPDATE 1-Tesla slashes production costs, eyes July profit

Newswire

(Adds details on costs, lawsuit from CEO blog post) LOS ANGELES (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 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 premium-priced Roadster Sport, CEO Elon Musk said in a blogpost on the company's ...

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