10-02-2016 22:56 via news.yahoo.com

Tesla says expects to become profitable in 2016

(Reuters) - Tesla Motors Inc forecast deliveries of Model S sedans and Model X SUVs that topped analysts' estimates and said it expects to turn in a profit in 2016, sending its shares 15 percent higher in after-hours trading. The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Tesla said it planned to deliver 80,000-90,000 Model S and Model X vehicles of in 2016, ahead of Wall Street's average expectation for about 79,000 vehicl
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