Tesla under the Spotlight after delivering fifth straight quarterly profit

  • October 30, 2020 04:53 PM AEDT
  • Team Kalkine

Tesla has been one of the hottest growth stories of the decade, particularly in the automotive industry. Since its commencement, Tesla has been struggling to post green numbers on a yearly basis and lost almost $862 million in 2019, with a billion-dollar loss in 2018. However, the story seems to be turning around for good, and the electric automaker is slowly hitting its stride.

Gold MTF non-AMP

* Tesla’s CEO Elon Musk has shown his interest to enter the Indian market next year, which could be a reality, considering the growing focus on electric vehicles in India.

* Tesla aims to deliver half a million vehicles in 2020, taking advantage of its sufficiently installed capacity. The company is building Model Y capacity at its Gigafactory in Shanghai, Berlin and Texas to start the deliveries from each factory in 2021.

 


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