Tesla Motors, for the first time in its 10-year history, has turned a quarterly profit. Sales at Tesla rose to $562 million, up 83 percent from last quarter, and this time some of that money is actually flowing into Tesla's coffers. While Tesla lost $89.9 million last quarter, on Thursday the company reported an $11.2 million profit.

Though Tesla has been around for a decade, it's still a startup of sorts, paying $13 million on its $465 million loan from the Dept. of Energy in the first quarter. Now, though, Tesla is actually selling cars. The Model S appears to have won over some skeptical consumers who previously were unsure they could live with an electric car as their daily driver. Tesla shipped 4,900 Model S sedans in North America in the three-month period, but it also spent $101 million — with much of that cost going toward building out retail showrooms and a service network. "We're profitable in Q1 despite spending quite a lot," CEO Elon Musk said, adding that these are costs that will go down over time.