In Q3 2018, U.S. Tesla Inc. obtained profit for the first time in two years, according to the letter of Founder and CEO of Elon Musk to investors, RBC reports quoting Financial Times.
In Q3 2018, Tesla’s profit was USD 312 mln or 1.75 dollars per share, versus the losses, amounting to 4.22 dollars per share in Q2. The proceeds of the company were USD 6.8 bln.
Mark, suspended from the post of CEO for three years, called the third quarter “really historic” for Tesla.
As CNBC reports, the speed of production of Tesla Model 3 cars for this period increased by more than 30%.
According to MarketWatch, amid the profit reports, the company stocks increased by 9.74% and were traded at 316 dollars per stock.
In 2018, Tesla’s losses broke record twice – in Q1, the company lost 709 mln dollars, in Q2 – USD 717.5 mln, which exceeds the rates of 2017 twice.
It should be noted that recently, Tesla Inc. acquire the land plot in neighborhoods of Shanghai for building the first plant in China.
