While the giants are losing billions, Tesla earns!

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While the giants are losing billions, Tesla earns!

The company Tesla have shared their success in the next quarterly report. For the first quarter of this year, despite the difficult situation with the pandemic coronavirus, the brand managed to maintain positive trend: Tesla remains profitable for nine consecutive months. So, for the reporting three months the brand has released 102 672 electric car, and also 1 917 charging stations. In the hands of buyers were 88 496 instances of environmentally friendly cars (21 percent decline in demand, when compared with the previous quarter). But in annual terms we are talking about the 40 percent growth. Sold on electric cars, Tesla earned 5,132 billion dollars and all quarterly revenue stamps amounted to 5,985 billion.

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The net profit of the automaker, according to estimates, reached 16 million dollars. For comparison, over the same period of 2019 it was about the loss of $ 702 million dollars.

Even forced to stop production in the United States and China has not prevented the company to show a positive trend. You can not say about other brands. For example, Ford in January-March, reported a loss of 2 billion dollars. The forecast for the second quarter is also disappointing: the company expects to see growth of financial losses, at least another 5 billion.

We will remind, earlier it was reported that the electric Tesla pickup will teach you to swim. New feature Cybertruck hinted Tesla CEO Elon Musk.

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