Why Tesla's Profits Could Soar Next Year
Tesla (NASDAQ: TSLA) shares have soared this year. Part of these gains have been driven by the company's surging sales during a year that has been particularly challenging for other automakers.
Perhaps an even more important driver for investors' growing bullishness has been the electric-car maker's fast-growing bottom line. In Q3 alone, Tesla raked in $1.6 billion in net income, up from just $331 million in the year-ago quarter.
But this may just be the start for Tesla's bottom line. After all, the company has achieved this net income during a challenging operating environment. Imagine how the automaker's profits could fare when global supply and labor shortages improve.
Source Fool.com
