Hi-tech entrepreneur Elon Musk told reporters at the Detroit Auto Show on Sunday that he expects and hopes his electric vehicle company Tesla Motors will turn a profit before the end of 2013, according to Reuters. Analysts surveyed by Thompson Reuters expect the company to begin returning a profit of 6 cents per share by the third quarter. As Reuters reported:
“I’m hoping we’ll have a profitable quarter this year,” Musk said after the event held a day before a media preview of the Detroit auto show. “Shame on us if we can’t achieve that.”
(H/T: Betabeat)
