Tesla rises as company ekes out a Q1 profit

vehicles in the first quarter of 2020, including: combined deliveries of 76,200 Model 3 sedans and Model Y cross-over SUVs, and combined deliveries of 12,200 of the older and more expensive Model S and X vehicles.

In Q4 2019, Tesla reported its second consecutive GAAP-profitable quarter, but the company also lost $862 million for the full year. Last quarter, revenue came in at $7.38 billion -- Q4 revenues are typically the highest of the year because of seasonal factors -- and Q1 2019 revenues were $4.54 billion.Government health orders, meant to curb the spread of the virus, forced Tesla to suspend production at its new car plant in Shanghai for around two weeks in February. By the end of March, Tesla would face an even longer restriction in the U.S.

The company also suspended production temporarily at its battery plant outside of Reno, Nevada, and at its facility in Buffalo, New York, where it makes components for its batteries and its electric vehicle charging stations, along with some solar products.

Best auto stock ever

Despite Coronavirus lockdowns?

An astonishing achievement in this climate. Well run and produces a peerless product.

Today I read a news where spacex bought many components from tsla .. That's why the results are good ..

Lmao - the most followed auto company in the world and Wall Street analysts don’t have a clue. It’s a good game though. Lower estimates 7 times and then report a beat. Absolutely hysterical

At least they have a positive PE, and it is a huge number

The 2.99% APR on Loans doesn’t hurt either

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Amazon, Tesla, Uber workers criticize companies' COVID-19 response - Business InsiderAmazon employees say they're scared to go to work, but they're not alone — here are 8 big companies facing worker criticism over their coronavirus safety response
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Tesla reports Q1 earnings after the bellThe Covid-19 outbreak in China forced Tesla to stop manufacturing electric vehicles in Shanghai for more than a week in February, and in the U.S. at the end of March.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Live: Here come Google and Alphabet's Q1 earnings - Business InsiderAlphabet is set to announce its Q1 2020 earnings, and all eyes are on how much damage the pandemic is doing to its ad business.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

YouTube Q1 Revenue Climbed 33% to $4 Billion, Parent Alphabet Misses on EarningsYouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior. Alphabet, the parent company of Google and YouTube, topped Wall Street estimates for Q1 reve…
Источник: Variety - 🏆 108. / 63 Прочитайте больше »