Tesla Profit Doubles As Car Deliveries Surge
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2020-10-22 HKT 04:40
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Tesla on Wednesday said profits in the past quarter more than doubled as the electric car giant forecast deliveries hitting 500,000 this year.
Net profit in the quarter rose to US$331 million, up from US$143 million a year earlier, as revenue rose nearly 40 percent to US$8.7 billion.
Tesla's share price was up more than three percent in after-hours trade on the results.
"We continue to see growing interest in our cars, storage and solar products and remain focused on cost-efficiency while growing capacity as quickly as possible," Tesla said in a letter to shareholders. (AFP)
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