In
case you missed it - Tesla posted a Q3 profit of $300 million. Elon Musk had
plans to make Tesla profitable by Q3 or Q4 of this year, and despite the ratings, reliability issues and critics, he accomplished it. I must give them credit where credit
is due, as they set a goal and go after it viciously.
This
profit can be attributed to increased production and sales of the new Model 3
sedan, which recently outsold ALL BMW sedans combined. It’s one of the top
selling luxury vehicles in the U.S. now. However, Tesla still has debts to pay
by November 2019 of over $2 million+ dollars, so we will see if this profit
streak continues.
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