Company tells investors in letter there should ‘no longer be doubt about profitability of electric vehicles’
Tesla posted record fourth-quarter and full-year earnings as its deliveries soared despite a global shortage of computer chips that has slowed the entire auto industry.
The company made $5.5bn last year compared with the previous record of $3.47bn in net income posted in 2020. It was the electric vehicle and solar panel maker’s third straight profitable year.
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Company tells investors in letter there should ‘no longer be doubt about profitability of electric vehicles’
Tesla posted record fourth-quarter and full-year earnings as its deliveries soared despite a global shortage of computer chips that has slowed the entire auto industry.
The company made $5.5bn last year compared with the previous record of $3.47bn in net income posted in 2020. It was the electric vehicle and solar panel maker’s third straight profitable year. Continue reading…Technology | The Guardian