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>> MERCURY Latest News

MAY 09, 2013 - Washington Business Journal

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Tesla shares jump 20 percent on profit

Shares of Tesla Motors Inc. soared more than 20 percent in after-hours trading Wednesday after the company posted its first-ever profit. Tesla (NASDAQ: TSLA) reported first-quarter net income of $11.2 million, compared with a loss of $89.9 million a year earlier. Revenue for the quarter came in at $562 million, thanks to sales of 4,900 units of the company's Model S electric car. Tesla has also stepped up production of the Model S at its Fremont factory. Read more at the Mercury News.

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