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Old 01-31-2019, 03:22 AM   #1
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Default Tesla predicts profit in every 2019 quarter despite vanishing tax credits

Filed under: Green,Tesla,Electric
Tesla Inc eked out a small quarterly profit on Wednesday and predicted it would be profitable in the first quarter, but acknowledged that the erosion of a federal tax credit in 2019 would cut into sales of its vehicles, disappointing investors.The electric car maker reported a smaller fourth-quarter profit compared with the previous three months and said Model 3 production volume in California should reach 7,000 units per week by the end of the year.The company said it made a net profit of $Continue reading Tesla predicts profit in every 2019 quarter despite vanishing tax credits
Tesla predicts profit in every 2019 quarter despite vanishing tax credits originally appeared on Autoblog on Wed, 30 Jan 2019 16:59:00 EST. Please see our terms for use of feeds.


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