Tesla Q4 2018 results was profitable again

And while some estimated that in the Q4 of 2018 Tesla may not have made positive earnings, the US company has announced its profits for the second consecutive quarter. A key driver for growth was Model 3 where Tesla hopes the production rate will gradually improve to reach 7,000 vehicles per week on a stable basis.

In the fourth quarter of 2018, the company posted earnings of $139 million (78 cents per share), while in the same period last year it lost $675 million. EBITDA also amounted to $1.93 per share. A very large increase was also seen in revenue for the same period, which amounted to $7.23 billion compared to $3.29 billion in the fourth quarter of 2017.

Tesla Q4 2018

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The result of the Tesla Q4 2018 positive news on profitability was not delayed even in the stock market, where up to Friday’s closing it reached $312.21, with stock market value reaching $53.62 billion.

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