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 $

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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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