How Musk wins twice from Tesla’s rising profitability
The EV giant is getting better and better at making profits out of cars and is now firmly on course to report its first annual profit for 2020. Which in turn helps its founder become even richer.
When electric vehicle giant Tesla delivered its third-quarter earnings last October, it faced a pretty sceptical audience. Many saw its $US70 billion ($98 billion) market valuation as ridiculously overheated, its shares were down year-to-date and it was coming off a loss in the second quarter.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
