Author: Sean O'Kane
Photo by James Bareham / The Verge
Tesla’s record-setting number of sales in 2019 also helped the electric automaker generate more money in one year than ever before, the company announced Wednesday afternoon. Tesla generated $24.6 billion in revenue in 2019, buoyed by a fourth quarter revenue figure of $7.4 billion.
Tesla still didn’t turn an annual profit — in fact, it lost $862 million in 2019. But that was better than the $1 billion loss the company posted in 2018. Tesla also finished the year with back-to-back profitable quarters, something it did for the first time ever in 2018. The company pulled down a $105 million profit in the fourth quarter, though we don’t yet know exactly how that was achieved. (For instance, the profit Tesla turned in the third quarter of...
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Tesla’s record-setting number of sales in 2019 also helped the electric automaker generate more money in one year than ever before, the company announced Wednesday afternoon. Tesla generated $24.6 billion in revenue in 2019, buoyed by a fourth quarter revenue figure of $7.4 billion.
Tesla still didn’t turn an annual profit — in fact, it lost $862 million in 2019. But that was better than the $1 billion loss the company posted in 2018. Tesla also finished the year with back-to-back profitable quarters, something it did for the first time ever in 2018. The company pulled down a $105 million profit in the fourth quarter, though we don’t yet know exactly how that was achieved. (For instance, the profit Tesla turned in the third quarter of...
Continue reading…
Continue reading...