26
Apr
22:11
Tesla records Q1 profit of $438m
Diversified electric vehicle company Tesla witnessed a huge year-on-year surge in its revenue - and profitability - in the first quarter, Kallanish reports.
Tesla earned net income attributable to stockholders of $438 million on total revenue of $8.7 billion. In Q1 2020, Tesla earned $16m on sales of $4.9 billion.
Tesla attributes the increases primarily to “...substantial growth in vehicle deliveries, as well as growth in other parts of the bus…
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Very good overview of the weekly steel market.
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