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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.

Fan-made Tesla commercial imagines a Model S that's out of this world

When you're a kid, anything is possible. With a bit of crayon, cardboard boxes can become helmets, or even space ships. All it takes is a bit of imagination. Replace that crude packaging with something as refined a Tesla Model S and that fantasy world can kick into overdrive. That's the premise behind a new 'ad' featuring Mace Coronel and his dad Marc, and co-starring our favorite all-electric road rocket. Although not commissioned by Tesla Motors (which did tweet about it), the minute-long spot is a great commercial for the company and its battery-powered sedan. It also serves as a excellent advertisement for Everdream Pictures, the minds behind the fancy editing and camera work, as it aptly demonstrates that outfit's "Imagination in Motion" tagline. It's not the first promotional film put together by fans of the sedan – see also: Gallons of Light – but this footage certainly captured our imaginations. Scroll below to see if you are equally as impressed. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. )

How four states are trying to woo Tesla Motors' gigafactory

And they're off! Arizona, Nevada, New Mexico and Texas are all in the running for Tesla Motors' gigafactory, USA Today says. And the politicians are already talking big, which is the operative word for a factory that could cost $5 billion, require 1,000 acres, take up 10 million square feet and support 6,500 jobs. Oh, and build battery packs for a half-million EVs a year. New Mexico Gov. Susana Martinez earlier this week said the state was considering a special legislative session to work up an economic package for a possible Tesla factory. The governor is playing up how the state recently cut corporate tax rates and says New Mexico's in talks with the electric-vehicle maker, though she's hush-hush about the details, the Albuquerque Journal says. Meanwhile, Arizona this week proposed a bill that would allow Tesla (which has a showroom in Scottsdale) to sell its vehicles in the state without a third-party dealership network. There are politicians claiming such a law wouldn't be a carrot of sorts to lure the company's new battery plant, according to AZ Central, to which we say "yeah, sure." The bill, which would need Arizona Senate approval, would put the state diametrically opposite Texas, which has been the most steadfast about retaining the age-old third-party dealer system that Tesla's been trying to subvert. Taking it one step further, Tucson Mayor Jonathan Rothschild said the city has identified a suitable site and is willing to pony up tax incentives over and above what the state will offer, according to the Arizona Daily Star. And Nevada? Well, it has Vegas. Of course, Tesla itself has encouraged a bit of March Madness-style guesswork by posting a forum on its website in which readers and writers can hypothesize on where the factory will end up. Stay tuned.