Tesla’s net profit in the third quarter increased by 2.3 times

Tesla’s net profit in the third quarter increased by 2.3 times

October 22, 2020 0 By autotimesnews

Net profit of the Tesla corporation from July to September this year increased by 2.3 times in annual terms, to $ 331 million. You can come to a similar conclusion by reviewing the financial statements of the automaker.

One share received $ 0.27, which is 0.11 more than in the same period last year ($ 0.16). Revenue increased 39% to $ 8.771 billion.

According to the results of the year, the corporation predicts that the volume of deliveries will reach the level of 500,000 copies. As noted in Tesla, this goal can be achieved only by ensuring an increase in Model Y production and production at the Shanghai plant, and even improving logistics.

It should be said that within the framework of preliminary trading, the value of the brand’s shares increased by 3%. Recall that Tesla Corporation was founded in 2003 as a creator and manufacturer of electric cars and technologies that are related to them.

In addition, it was recently noted that Tesla Model 3 of the Chinese assembly will be sold in the European market. It should be emphasized that the cars of the American brand will appear in European dealerships in October this year.