Record sales push Tesla to 2nd straight quarterly profit

Record sales push Tesla to 2nd straight quarterly profit

4 years ago
Anonymous $-riAjkQg_1

https://apnews.com/44c953ff63ae06b6f492d20141e16aa6

DETROIT (AP) — Record electric vehicle sales in the fourth quarter helped to push Tesla Inc. to its second-straight quarterly profit, giving bullish investors optimism that sustained black ink lies ahead.

The Palo Alto, California, company said it made a net profit of $105 million from October through December, or 58 cents per share but still posted an annual loss.