Tesla posts another record quarterly profit—and Wall Street shrugs

  • Tesla posts another record quarterly profit—and Wall Street shrugs

    updated 1 week, 5 days ago 1 Member · 1 Post
  • Anonymous

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    May 5, 2021 at 10:27 AM
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    Enlarge (credit: Aurich Lawson / Duncan Hull / Getty)

    A few years ago, Tesla was still a scrappy startup that sometimes teetered on the edge of bankruptcy. Those days are over. The world’s most valuable car company now has $17 billion in cash in the bank and is currently building its third and fourth car factories—near Berlin and Austin, Texas, respectively.

    On Monday, Tesla released its financial results for the first quarter of 2021, and they were the company’s best numbers yet. The electric carmaker reported net earnings of $438 million on a GAAP basis. Revenues were $10.4 billion. That number is down slightly from the fourth quarter’s record

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