Electric-vehicle manufacturer Tesla Motors said it achieved overall corporate profitability in July with approximately $1 million of earnings on revenue of $20 million. Profitability arose primarily from improved gross margin on the Roadster 2, the second iteration of Tesla’s award-winning sports car, the company said.
Tesla shipped a record 109 vehicles in July and enjoyed a surge in new Roadster purchases. In the third quarter, the privately held company said it will make “significant” deliveries to European customers while expanding its presence in several countries.
The Roadster 2, which Tesla is building and shipping to customers now, features an array of enhancements over the Roadster, including a more powerful heating, ventilation and air-conditioning system, more comfortable seats and a more luxurious dashboard and cabin.
Last month Tesla began delivering the Roadster Sport, an even higher performance car that does 0 to 60 mph in 3.7 seconds, compared to 3.9 seconds for the standard Roadster. The Sport includes a more powerful motor, custom-tuned suspension and forged wheels. A customer’s Roadster Sport sprinted the quarter-mile in 12.643 seconds in late July, setting a class record in the National Electric Drag Racing Association.