Elon Musk-led Tesla posts quarterly net profit of $311.5m
- Country:
- United States
Tesla Inc made good on Chief Executive Officer Elon Musk's promise that it would turn a profit in the third quarter.
The Silicon Valley electric carmaker said it made a net profit of $311.5 million in the quarter, still tiny when compared to the billions of dollars the company has burned through as it ramps up production of its Model 3 sedan.
Tesla also said it had free cash flow of $881 million.
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