Posted on Jan 28, 2021 at 6:00 amUpdated Jan 28, 2021, 10:45 AM
Tesla, first! For the first time in its existence, the Californian manufacturer launched in 2003 is profitable over an entire year. Elon Musk, the boss of the electric car maker, can be proud of posting a net profit of $ 721 million, and sales up 28% to 31.5 billion.
The profit of the last three months of the year – signing the sixth consecutive profit quarter – however largely disappointed investors: the title lost nearly 5% in after-market trading on Wednesday. This is the first time since July 2019 that Tesla has done worse than analyst consensus.