Tesla Says It Will Be Profitable by December

Is electric car maker Tesla a "loser" company, as presidential candidate Mitt Romney charged in Wednesday's debate?

In a blog post he wrote a few hours before the debate, Tesla CEO Elon Musk said no -- the company will in fact be profitable by the end of the year.

Musk felt journalists and analysts were reading too much into the company's forecast last week of slower manufacturing of its Model S sedan (pictured above), and says he thought the press also misinterpreted the reason why the company wanted to raise an additional $150 million.

While the financial world interpreted the additional round of financing as a weakness, Musk claims it was done for risk reduction, and doesn'…
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