Tesla Expected to Report Profit for Quarter as Attention Focuses on China - News Summed Up

Tesla Expected to Report Profit for Quarter as Attention Focuses on China


Tesla Inc. is expected to release fourth-quarter financial results after the market closes Wednesday. Tesla delivered 367,500 vehicles in 2019, a 50% rise from 2018. That met Chief Executive Elon Musk’s goal of delivering between 360,000 and 400,000 vehicles globally last year. The results have helped fuel Tesla’s meteoric share price rise, putting the company’s market value at a level greater than most of the world’s largest auto makers despite selling a fraction of the vehicles and never turning an annual profit. Here’s what you need to know:...


Source: Wall Street Journal January 29, 2020 11:15 UTC



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