Tesla's total revenue was $ 9 billion. This was 75% more than a year earlier. Revenue has been partially restrained, CNN reports as the company stopped production of its two most expensive models, the Model S and Model X.

The company was also helped by investing in bitcoin. The company previously reported that it invested $ 1.5 billion in bitcoin. Not long ago, Tesla was losing money almost every quarter and was in danger of running out of cash. But it turned profitable in the third quarter of 2019, and its stock has risen since then, up 1349%.

Elon Musk said the company is making great strides in developing fully autonomous vehicles, which he believes will be key to differentiating it from other companies.

Image upload

Similar Articles

Similar Bookmarks

Connected Bookmarks