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Some rare success for a 'green car' firm as Tesla confirms its first ever profit in its 10-year history.
Ten-year-old Tesla Motors confirmed earnings of $15m in its first quarter, having delivered nearly 5,000 Model S electric cars.
The company, led by billionaire Elon Musk, reported that global demand may soon surpass 30,000 vehicles a year.
The Model S, Tesla's second model after the more expensive Roadster,represents its effort to reach a broader group of buyers.
Bringing down the cost of its vehicles is the strategy that has helped improve share values by two-thirds this year.