Tesla reports a profit in Q1

Tesla reports a profit in Q1

Tesla has reported a surprise profit in the first quarter of 2020 of $16 million, despite factory shutdowns in China and the US. The company hopes to hit its goal of delivering 500,000 vehicles worldwide this year even in the face of the pandemic. This is the first time the company has turned in three consecutive profitable quarters. The company also generated $5.9 billion in revenue.

pennydreadful
pennydreadful
SickOfTribalisem
SickOfTribalisem 0 months

Doaen't mean it's too good for the company.. the company was working on the long term for a while now... focusing more on r&d rather then short term profit... sure they released a few peofitable cars and... to show the investors how much potencial for profit they have but the company has been playing the long game... i wonder how good it is they'r turning around

Boo
Boo 0 months

I seriously doubt the numbers. Cooking the books.

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