Tesla scored another quarterly profit, its fifth in a row, with net income of $331 million for the third quarter of 2020. That’s more than double the profit from the same quarter last year. The company sold 139,593 vehicles in the third quarter, a 53% increase from a year earlier. Tesla sales in China have been flat all year, with deliveries to customers consuming only about 63% of the capacity of the factory, which opened in Shanghai late last year. In Norway, once a leading market for Tesla, the new Volkswagen ID.3, introduced in September, sold in greater volume than Tesla has sold there all year.

Source: Los Angeles Times October 21, 2020 21:25 UTC