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Tesla posts second quarterly profit in 13-year history
short by Vani Vivek / on Thursday, 27 October, 2016
American electric car manufacturer Tesla on Wednesday announced its first profit after 12 consecutive quarterly losses, and only the second profitable quarter in its 13-year history. The company, led by Elon Musk, recorded net income of $21.9 million for the third quarter compared to a loss of $229.9 million a year earlier. Tesla's revenue more than doubled to $2.3 billion.
read more at Reuters