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