The strong performance changed the trajectory of the year for the Austin, Texas-based company, which had seen sales and profits decline in the first two quarters.
DETROIT — Tesla’s third-quarter net income rose 17.3% compared with a year ago on stronger electric vehicle sales, and an optimistic CEO Elon Musk predicted 20% to 30% sales growth next year.
The strong performance changed the trajectory of the year for the Austin, Texas-based company, which had seen sales and profits decline in the first two quarters.
In its letter to investors, Tesla predicted slight growth in vehicle deliveries this year, better than the 1.8 million delivered
→ Continue reading at KGW TV