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Tesla shares down 4% despite $721m USD profit

Tesla shares down 4% despite $721m USD profit

After a disappointing 2019, US automaker Tesla reported a profit of $721 million in their earnings report for 2020. Despite the news, Tesla shares dropped slightly as the reported numbers fell short of some expectations. Overall, however, Tesla stock increased by 700% in 2020, surpassing Japanese automaker Toyota in value.

Ben Ditzel
Ben Ditzel
Top in Business