in 2020, falling barely shy of its guidance for half a million vehicle deliveries in 2020. It produced 509,737 vehicles during the year.
Starting around the end of 2019, Tesla has said that it expects to report positive cash flow and net income moving forward, with possible exceptions around the launch and ramp in production of new products or facilities. Last quarter was its fifth consecutive quarter of profitability -- which led to theTesla is currently building new factories in Austin, Texas, and Brandenburg, Germany, after quickly constructing and reaching a high volume of production at its last new plant in Shanghai.
Per valuation, each tesla sold makes 1.5 mil in profit. Tesla could give their cars away for free and still make a profit of 1.4 mil per car. Welcome to Wall Street. 👍 Bubble? What bubble?
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