Tesla posts fifth consecutive quarter of profits
The electric-car maker says it is on track to meet a goal of delivering 500,000 cars in 2020
21 October 2020 - 23:56
Tesla reported a fifth consecutive quarter of profits on Wednesday and said it remains on track to deliver 500,000 cars in 2020.
The earnings streak could add momentum for Tesla’s inclusion in the S&P 500 Index and defies a downbeat trend among other carmakers struggling to overcome a pandemic-induced slump. The Palo Alto, California-based company reported third-quarter profit of 76c a share on an adjusted basis, beating analysts’ consensus estimates for 55c a share...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.