Business
4:44 pm
Mon April 1, 2013

Electric Car Company Posts Its First Profit While Another May File For Bankruptcy

Originally published on Mon April 1, 2013 5:17 pm

Two startup automakers with big ambitions for electric vehicles appear to be headed in different directions. Luxury plug-in hybrid maker Fisker has hired a law firm to advise it on a possible bankruptcy, according to multiple published reports. Electric car maker Tesla announced on Monday that it expects to turn its first ever profit in the first quarter.