Tesla posts first profit in 2 years

doublespaces

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Oct 18, 2016
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In their Third Quarter 2016 Update, Tesla states the Model S saw a 59% sales jump year over year from last quarter, and a $21.9M third quarter profit.

Regarding the Model 3 development:
"we have completed production line layouts and will soon begin installation of new body welding and final assembly lines."
They also expressed the willingness to share driving data for safety reasons and that their Gigafactory was still on track to begin product by the end of the year.
 

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