Pre-tax profits at the Irish arm of electric car-maker Tesla last year doubled to €1.98 million. Accounts filed by Tesla Motors Ireland Ltd show that the firm recorded the increase in pre-tax profits after revenues increased by 104 per cent from €69.73 million to €142.05 million.
The Nasdaq-quoted electric car-maker, led by Elon Musk, opened its first Irish sales outlet and showroom in Sandyford, Dublin, in April 2017. Tesla Motors Ireland had 54 charger points in nine supercharger sites and it opened a second service centre last year. The firm’s cost of sales last year increased by 107 per cent from €64.84 million to €133.68 million. Numbers employed last year almost doubled from 20 to 38 as staff costs increased by 93 per cent from €1.28 million to €2.47 million, which included share-based payments of €298,385.