Tesla's profit streak unbroken by coronavirus

Filed under: Earnings/Financials,Plants/Manufacturing,Tesla

Tesla's report of a profitable quarter comes just a day after Detroit-based rival Ford Motor Co reported a $2 billion first-quarter loss and forecast losing another $5 billion in the current quarter as the coronavirus pandemic hits demand. How Tesla fares in the current quarter and the remainder of the year will be an important test of the company's durability. If Tesla can limit its losses, or even continue its profit streak and outperform legacy automakers, it will be in a stronger pos

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Tesla's profit streak unbroken by coronavirus originally appeared on Autoblog on Wed, 29 Apr 2020 19:38:00 EDT. Please see our terms for use of feeds.

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