Wednesday, 24 October 2018

Tesla turns its first profit in years as Model 3 continues to rise

Tesla has long targeted a 5,000-strong weekly production of its Model 3

You gotta spend money to make money, but when you're burning through hundreds of millions of dollars a quarter that leaves quite a bit to do to balance the books. After what you might call a pretty eventful twelve months, Tesla has now turned its first profit in years, as demand and delivery of its Model 3 sedan continues to rise.

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Category: Automotive

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from New Atlas (Gizmag) https://ift.tt/2CGW0zF

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