Wednesday, 1 August 2018

Tesla posts huge loss, but Model 3 becomes a moneymaker as production picks up

Tesla says gross margin on the Model 3 has turned from slightly negative to slightly positive

To say Tesla's production of its much-hyped Model 3 was slow out of the blocks could be putting it mildly, but it looks like things are starting to pick up for the debut mass market sedan. The company is now pumping out the vehicle in unprecedented numbers, and is eying sustainable profitability for the first time in its 15-year history.

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