Business
Tesla racks up another profitable quarter with boost from regulatory credits – The Verge
Tesla had its fifth straight profitable quarter, a record for the company. The carmaker said it earned $331 million in net income in the third quarter of 2020,…
Tesla earned a profit of $331 million in the third quarter of 2020
Illustration by Alex Castro / The Verge
Tesla made a profit of $331 million in the third quarter of 2020, its fifth straight profitable quarter and a sign that the electric automaker is hitting its stride. This quarters profit is more than doubles that of the third quarter last year.
Tesla generated $8.771 billion in revenue, buoyed by $579 million in energy storage sales and $581 million in services revenue. Tesla once again wasnt…
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