2016-10-30 17:13
Automotive
Alex Lowe

Tesla has reported first quarterly profit in three years

Tesla has reported first quarterly profit in three years

For the first time in three years, electric car maker Tesla has reported it’s first profit – this is in direct comparison to last year which the company reported a loss of $230m.

What has Tesla done differently?

One major contributor is the amount of cars the company has shifted this quarter, something which has help make the manufacturing of the new Model 3 car easier on the company. In the past quarter Tesla a sold 24,821 cars – over 300 more than expected.

Model 3

Tesla’s next foray is the new Model 3, a less expensive and financially more accessible model in the range as the current two; Model S and Model X are reasonably expensive.

Tesla Model 3

The Model 3 is expected to launch in 2018 and cost around $35,000 / £28,000.

Alex Lowe

Tesla has reported first quarterly profit in three years

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

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