"It would be great to toss a pie in the face of all the naysayers on Wall Street who continue to insist that Tesla will always lose money".
Tesla’s new quarterly report shows that the company returned to profit for only the second time in its 13-year history. The shares rushed four per cent immediately after the third-quarter figures came out on Wednesday night. It reports the Di Digital.
the net profit for the third quarter amounted to sek 195 million.
Tesla delivered almost 25, 000 cars, which is more than a doubling compared with the third quarter of last year.
the quarterly figures said to have belåtit Tesla ceo Elon Musk, who recently called on its employees to cut down on costs, and do everything to get the company to turn a profit again. In his open letter, which was published in Bloomberg, he said:
"It would be great to toss a pie in the face of all the naysayers on Wall Street who continue to insist that Tesla will always lose money."
the Result, which corresponded to 1,26 per share, exceeding expectations of 0.18 per share. However, the turnover of 20.5 billion more than one billion below expectations.
the Result eases the pressure on Elon Musk and Tesla before the launch of next generation Model 3. Elon Musk said after the quarterly report to analysts, and now you do not need to put in new capital for the production of the hajpade the car, which will be launched sometime in 2017, reports Reuters.
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