The electric-car maker’s suddenly robust position was detailed Wednesday when it reported $143 million in net income in the third quarter, defying analysts’ expectations of a loss.
Tesla said it had earnings of $1.86 per share on an adjusted basis.
Revenue was $6.3 billion in the quarter.
Does Tesla make profit?
Tesla made a $139 million profit in the fourth quarter of 2018, the first time the electric automaker has ever posted back-to-back profitable quarters in its 15-year history. Total revenue for 2018 was $21.4 billion — another record for the company — though Tesla still posted a $1 billion loss across the year.
How much did Tesla make in 2019?
For the first quarter of 2019, Tesla reported losses per share on an adjusted basis of $2.90, versus 69 cents expected by analysts, according to Refinitiv. Tesla’s revenue for the quarter reached $4.54 billion, missing the $5.19 billion expected.
When did Tesla make a profit?
The automaker said on Wednesday that it generated $6.8 billion in revenue in the third quarter of 2018 and walked away with $311 million in profit — the most the company has ever made in a quarter. The company finished the quarter with $3 billion in cash, up $731 million from the second quarter of the year.
Is Tesla still losing money?
Tesla lost nearly $700 million in the quarter ended March 31, one of its worst quarters on record. The electric carmaker on April 24 reported first-quarter net loss of $668 million on total revenues of $4.5 billion.