Tesla reports profit

Tesla Motors, the electric car company, announced on Wednesday reported net income of $11.2 million, Tesla reported revenue of $561.8 million on record sales of 4,900 of its top-of-the-line Model S sedans. That surpassed the company's forecast by more than 250 vehicles and prompted the automaker to raise its 2013 forecast. It now expects to sell about 21,000 of its Model S vehicles by the end of this year.