Tesla says it's reached full profitability

Franz von Holzhausen, Chief Designer, Tesla Motors talks about the doors on the Tesla Model X at media previews for the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. (AP Photo/Paul Sancya)

April 1, 2013 6:32:19 AM PDT
Palo Alto-based Tesla Motors says its reached full profitability.

The electric car company made the announcement over the weekend. Tesla says part of the reason is due to higher than expected sales of its new Model S Sedan. The company sold 250 more cars than it expected.

The announcement of full profitability for Tesla is separate from the Twitter tease CEO Elon Musk made last week. Musk said something "really exciting" is coming.

That announcement is expected Tuesday.