Tesla’s profit in October–December was 3.7 billion dollars.
Electric cars manufacturer Tesla has made a record result in the last quarter of last year. The result, announced late Wednesday Finnish time, exceeded preliminary expectations.
The company announced on Wednesday that the result for October-December was 3.7 billion dollars, which is 59 percent more than the same time last year. Turnover increased by 37 percent to 24.3 billion.
Tesla however, warned of generally uncertain economic prospects and challenges caused by rising interest rates. According to the company, the interest rate has increased the price of its cars by ten percent.
The value of Tesla’s stock has fallen by about half from a year ago, which has been explained, among other things, by new electric car models from other manufacturers and by Tesla’s CEO and largest owner Elon Musk’s with unpredictability.
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