Mexican Media Brands
Tesla Says It Made First Quarterly Profit
Tesla Motors Inc. says it will report an unspecified "full" profit for the quarter ended March 31, which would be its first quarterly earnings since going public three years ago.
#economics #hybrid
Share
Tesla Motors Inc. says it will report an unspecified "full" profit for the quarter ended March 31, which would be its first quarterly earnings since going public three years ago.
The Palo Alto, Calif.-based maker of electric vehicles previously projected it would post slight first-quarter income, excluding stock compensation expense and warranty liabilities. On that basis, Tesla lost $79 million a year earlier.
Tesla says it now predicts stronger results in the January-March period because it sold 4,750 Model S sedans, exceeding expectations by 250 cars.
The company isn't expected to report first-quarter results until next month.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.