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Musk reports positive cash flow for Tesla last week

According to Bloomberg, Tesla actually earned money last week. CEO Elon Musk sent out a message on Twitter saying his company was "narrowly cash positive." That's big news for a company that hasn't turned a quarterly profit as of yet. Tesla is currently in the middle of stepping up production for its Model S sedan, and has announced the vehicle's MSRP will jump by $2,500, presumably to help fund that expansion.
So far, Tesla says it has built will build around 20,000 Model S units at its California production facility next year, though analysts say the ability to repeatedly generate a positive cash flow would go a long way toward the company's evolution into a "sustainable operating entry." So far, the Model S has garnered substantive praise, earning the Motor Trend Car of the Year Award among others. Tesla shares are up 19 percent this year over the same time period in 2011.

NHTSA rebuffs 'best ever' crash test claim by Tesla [w/video]

In response to Tesla's claim that the Model S is the safest car ever tested, the National Highway Traffic Safety Administration has released a statement clearing up how it rates cars. While not denying that the Model S is a very safe car, the agency said that its rating system is only between one and five stars - nothing higher and nothing lower.
This means that, unlike honors classes in college and high school, there is no way to score above the highest rating, and Tesla says that it received a 5.4-star rating (although there is no indication where it got this information). Also, NHTSA made no mention of any broken equipment it suffered while testing the Model S; another claim made by Tesla. Scroll down for the Model S crash video courtesy of ABC News as well as NHTSA's brief statement.

California grants Tesla $34.7 million tax break to boost production

Tesla Motors' plans to expand just got a big boost, as the state of California has announced it will give the Palo Alto-based company a $34.7 million tax break to increase its production capacity. The EV manufacturer is being given a pass on sales and use taxes on up to $415 million worth of equipment, according to a report on the San Francisco Chronicle's website.
Tesla is currently on track to produce 21,500 cars, although the planned expansion should more than double that capacity to 56,500 units, adding 112 jobs at Tesla's Fremont factory. "I'm pleased we could take this action to encourage Tesla to expand its electric vehicle production in California, which will create green jobs and improve our air quality," State Treasurer Bill Lockyer said. The state estimates that between the additional jobs and (hoped for) increase in sales, it will recoup the costs of the tax break in more taxes.