Business
Tesla fights pandemic, records first-ever annual profit – Sydney Morning Herald
The result caps off a year in which the company saw its stock soar to make it the world’s most valuable automaker,
Tesla said that excluding special items, it made $US2.24 per share for the year, falling short of Wall Street expectations of $US2.45. Full-year revenue was $US27.24 billion, also less than estimates of $US31.1 billion.
From October through December, the company made an adjusted 80 cents per share, below Wall Street estimates of $US1.02. Fourth-quarter revenue was $US9.31 billion, below estimates of $US10.47 billion.
Teslas vehicle sales rose 36 per cent last year, but the company fell just short…
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