Elon Musk: Tesla Is Now Cash Flow Positive, Just Like I Promised

In early October, Elon Musk wrote a blog post saying he expected Tesla Motors “to become cash flow positive at the end of next month.”

Yesterday, he confirmed his prediction via Twitter:

After Tesla stock collapsed by 12 per cent in late September following a worrisome SEC filing, the electric car company has been on a roll, winning a string of awards for the Model S.

When Motor Trend magazine named the Model S its Car of the Year, Musk called it a “pivotal turn in history” after Tesla’s “long and difficult journey.”

Tesla plans to produce at least 20,000 of the electric car in 2013, the Detroit News reported.

NOW WATCH: Executive Life videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.