Tesla reports net income of USD22 million in Q3
Tesla has reported a net income of USD22 million in the third quarter, as the Model X enabled record production, deliveries, and revenue; however, the automaker continues to show losses in the year to date
Tesla's financial results for the third quarter reveal a refreshingly profitable quarter, as well as record production, according to the electric vehicle (EV) manufacturer's latest quarterly letter to shareholders. The US-based company continues to report losses in year-to-date (YTD) metrics, although it is seeing improvements in these.
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