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Tesla’s Record Third Quarter Profit – Last Minute Economy News

US electric car maker Tesla’s third quarter earnings hit a record $ 1.6 billion on sales of $ 13.8 billion.

Tesla has announced its balance sheet for the third quarter of 2021.

Accordingly, the company’s net income rose in the third quarter of the year compared to the same period last year by 389 percent to 1.6 billion US dollars. Tesla’s net income was reported at $ 331 million in the third quarter of last year. The company’s profit thus reached an all-time high.

In the third quarter of this year, the company’s revenue rose 57 percent year over year to a record $ 13.8 billion. In the same period last year, the company had sales of $ 8.8 billion.

Earnings per share for the electric car maker, which were $ 0.76 for the second quarter of last year, were $ 1.86 for the third quarter of this year.

Tesla delivered 241,300 vehicles worldwide between July and September.

The company’s statement said various difficulties, such as semiconductor shortages and port densities, are affecting the full speed of the factories.


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