Tesla Motors (TSLA -1.5%) CEO Elon Musk says that next year it expects to post its first...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA -1.5%) CEO Elon Musk says that next year it expects to post its first operating profit since the electric-car venture started in 2003. He credits the success to its Model S, a new lower-priced model released in June that sells for $50K - about half the price of Tesla's Roadster. The company plans to build 5K of the new models this year and 20K in 2013, and has already taken reservations for more than 12K.