Tesla Is Back In The Black As Lower Costs, Credit Sales Fuel Quarterly Profit–And A Share Price Surge - News Summed Up

Tesla Is Back In The Black As Lower Costs, Credit Sales Fuel Quarterly Profit–And A Share Price Surge


Workers at Tesla's Shanghai Gigafactory have begun test production of Model 3s for Chinese ... [+] customers. The company said earnings per share were 80 cents on a GAAP basis, below the $1.82 it reported a year ago. It made money in the quarter despite the fact that revenue dropped to $6.3 billion from $6.82 billion a year ago. Last quarter Musk said deliveries could reach 400,000 units. Trial production of Tesla Model 3 electric sedans has begun in China.


Source: Forbes October 23, 2019 21:33 UTC



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