Tesla Finally Makes a Profit

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.

For More Info: https://www.cnet.com/google-amp/news/tesla-q3-2018-financial-report-profit/

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