Filed under: Green,Tesla,Electric Tesla Inc eked out a small quarterly profit on Wednesday and predicted it would be profitable in the first quarter, and but acknowledged that the erosion of a federal tax credit in 2019 would prick into sales of its vehicles,disappointing investors.
The electric car maker reported a smaller fourth-quarter profit compared with the preceding three months and said Model 3 production volume in California should reach 7000 units per week by the end of the year.
The company said it made a net profit of $Continue reading Tesla predicts profit in every 2019 quarter despite vanishing tax creditsTesla predicts profit in every 2019 quarter despite vanishing tax credits originally appeared on Autoblog on Wed, 30 Jan 2019 16:59:00 EST. Please see our terms for use of feeds.
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Source: autoblog.com