11
Tesla has made a profit. Repeat, Tesla has made a profit – $143m in fact

Tesla has made a profit. Repeat, Tesla has made a profit – $143m in fact

5 years ago
Anonymous $xdcOWPpsb_

https://www.theregister.co.uk/2019/10/24/tesla_makes_a_profit_shocking/

Tesla shares are up almost a fifth in after-hours trading after the 'leccy car maker posted a surprising profit for the third quarter.

Financial analysts were increasingly losing patience with the company, which lost over $1bn in the first half of the year and struggled to control costs while also solving the real-world difficulties of building efficient production lines. But for the three months ended 30 September 2019, Tesla claimed gross margins of 4.1 per cent.