Tesla posts small profit but misses Wall Street estimates

Tesla posts small profit but misses Wall Street estimates

5 years ago
Anonymous $Dftgs0JzgE

https://www.sfchronicle.com/business/article/Tesla-posts-small-profit-but-misses-Wall-Street-13575122.php

Tesla eked out a small fourth-quarter profit to close 2018, but fell short of Wall Street estimates. Now it faces the difficult task of sustaining that profit while facing a major debt payment amid slowing demand for pricier versions of its electric vehicles.

The Palo Alto company posted net income of $139.48 million (78 cents per share) from October through December. It reported two straight quarters of profit for the first time since going public in 2010.

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