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Tesla Motors Inc., the U.S. electric carmaker backed by Daimler AG and Toyota Motor Corp., said its revenue this year may rise as much as 50 percent because of higher demand for its rechargeable vehicles and battery packs.
“We project revenue to increase about 40 to 50 percent in 2011, to $160 million to $175 million,” Deepak Ahuja, Tesla’s chief financial officer, said in a conference call yesterday.
The company released annual results yesterday for the first time since its initial public offering in June, posting revenue of $116.7 million in 2010. Tesla’s forecast for this year exceeded the $152 million average estimate of six analysts surveyed by Bloomberg.
“We project revenue to increase about 40 to 50 percent in 2011, to $160 million to $175 million,” Deepak Ahuja, Tesla’s chief financial officer, said in a conference call yesterday.
The company released annual results yesterday for the first time since its initial public offering in June, posting revenue of $116.7 million in 2010. Tesla’s forecast for this year exceeded the $152 million average estimate of six analysts surveyed by Bloomberg.