Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Tesla Is Raking in Big Profits

TheMotleyFool

0 0

Maybe you recall the headlines several years ago detailing how Tesla (NASDAQ: TSLA) just couldn't seem to become consistently profitable. Free cash flow eluded the company due to the capital-intensive nature of the car-making business. Manufacturing is hard, the critics said. Excitement around the launch of the Model 3 gave way to what CEO Elon Musk called "production hell."

Those days are over.

From third-quarter revenue of $8.8 billion, Tesla generated $1.4 billion of free cash flow. In addition, it has been profitable on a GAAP basis for five quarters in a row now.

Source Fool.com

Like: 0

TSLA

Share