Business
Tesla crushes rivals with first full-year profit, redefines future of car industry – The Driven
Tesla smashes industry expectations with its first annual profit, and sales growth in a period where every other car maker in the world declined.
Electric vehicle maker Tesla has posted its first full-year profit not just beating analyst expectations but also cementing its position as the most valuable automaker in the world and highlighting the huge advantage it holds over legacy car makers.
The key numbers being watched by analysts were revenue and profit, and Tesla easily beat them both posting $US6 billion in revenue, net income of $US104 million, and a small profit of US50c a share.
But beyond the simple financial numbers was anoth…
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