Tesla Inc., for the first time in its 17-year history, reported a fourth-consecutive profitable quarter, a milestone that is sure to bolster Chief Executive Elon Musk’s pitch that he can usher in the age of fully electric cars.
Defying the global coronavirus pandemic, threat of extended economic recession and Wall Street analysts who expected a loss, the Silicon Valley auto maker found a way, helped by the sale of regulatory tax credits, to eke out a $104 million profit in the second quarter.
TESLA GO TO TEXAS. LEAVE CALIFORNIA AND NEW YORK. IT IS THE SOCIETY FROM BEFORE. FUTURE IS IN THE OTHER STATES.
under the corona virus environment, tesra posted profit‼️ and announced a plan for the 2nd plant‼️ but, why in texas? oil state?
Living off the welfare money. The China owned plant will dominate world market.
They have excess capacity in one and want to build another. Text book Enron.
Welcome to Texas! $TSLA
It really is beyond me how people afford these things.
SUCCESS DUE TO FORESIGHT TO MANUFACTURE ELECTRIC CARS. MANY COMMERCIAL GAINS EMERGES FROM FORESIGHT, PREDICTION, PREPARING,PREVENTION OF PROBLEMS. EFFICIENT MANAGEMENT ONLY CAN BE PREPARED. 'INVESTMENT IS DIFFERENT FROM MANAGEMENT'. NEED TO SHIFT TO 'MANAGEMENT BASED INVESTMENT'.
For those complaining about credits, get over it. As the restrictions get tighter all over the world, Tesla would be selling record credits. It's not Tesla's fault that those other companies are so incompetent that they have to pay Tesla. Model S came in 2012.
Hope you listened. You would think someone who foretells the future would have more followers....
In Elon we trust
Dreams can come true
Takeaway - rich people are not suffering during the pandemic.
So are we really going to overlook the $428M in federal credits? Definitely the next ETF strategy I’d like to implement.