Tesla revenue grew by 21% in the first three quarters of the current year

FineAuto
Tesla revenue grew by 21% in the first three quarters of the current year

However, the company’s profit in the third quarter of 2019 has decreased significantly compared to last year.

Became known information about the revenues and profits of the company Tesla for the first nine months of the current year. As reported the Agency “Prime”, the company’s revenue in the period from January to the end of September totaled 17,194 billion, which is 21% better than the year before. However, with regard to profits, things are not going so well. For the first three quarters of net loss, which fell on shareholders, amounted to 967 million dollars. It is worth noting the improvement of this parameter in the previous year the loss was 13.4% more. The third quarter, the American company finished in the black, its profit amounted to 143 million dollars.

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Net revenues for the third quarter is equal to 6.3 billion dollars (-7,6%). The fall of this indicator is primarily linked to the high base last year.

In the third quarter of 2019 Tesla went on record for the supply of vehicles – from July to September, it produced 97 thousand new cars. The company plans to the end of the year to reach 360 thousand recently, Tesla received permission to manufacture cars in China. This will allow the company to sell their cars in China without any extra fee at 25%, which can significantly improve the net profit of brand.

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