Tesla Motors turns a surprise profit


Silicon Valley electronic car darling Tesla Motors banked a profit of $1 million in July, based on $20 million in revenues brought in through delivery of 109 of its $109,000 sports cars.

I had the rare chance to drive a Tesla and can say that if I had a spare six-figure inheritance in my possession, I might well have coughed up for one of these beauties. The earnings this quarter could put to rest critics' claims that the company would never break out of the red.