Tesla Moves Closer to Profitability

Despite shipping and selling a record number of vehicles in Q2, Tesla (NASDAQ: TSLA) posted another loss during the period. However, that loss was narrower than it was in the year-ago quarter, highlighting how the company is moving closer to profitability.

The quarterly update comes as Tesla continues to ramp up Model 3 deliveries as part of an effort to achieve greater economies of scale and ultimately become a self-funding company without the need to regularly tap into debt and equity markets for new capital.

Here are the key takeaways from the update.

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