For the first time in one quarter, Tesla earned more than a billion dollars

Electric car maker Tesla said it earned more than $ 1 billion for the first time in a quarter.

The company, founded by Elon Musk, increased its annual earnings tenfold, to $ 1.1 billion in the period from three months to June, the agency reported. DPA.

In the same period, revenue increased by 98 percent, to a total of 12 billion dollars, reports Roe deer.

This quarterly result exceeded analysts’ expectations. However, the stock exchange reacted moderately to this information, so “Tesla’s” shares only strengthened slightly. The company also recorded record numbers when it comes to the production and delivery of electric models in the second quarter.

The company delivered 201,304 vehicles to customers and produced 206,421. This is the highest in one quarter since the company was founded in 2003.

Source: Srna

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