Tesla Reports $312 Million Profit On The Back Of Model 3 Deliveries

Agent009 submitted on 10/25/2018 Auto Spies Photos Timestamp: 9:49:49 AM

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Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.

The company posted a net loss of $619.4 million in the same quarter last year and a net loss of $717.5 million in the second quarter this year, the company said Wednesday.

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