Comment on Tesla made $331 million profit in Q3 2020

Tesla made $331 million profit in Q3 2020

Enlarge (credit: Tesla / Aurich Lawson) On Wednesday, Tesla published its financial results for the third quarter of 2020. The company says it ended Q3 2020 with a GAAP profit of $331 million, the fifth profitable quarter in a row for the US automaker. Despite the pandemic, it's a strong improvement on Q3 2019. Tesla ends Q3 2020 with a positive free cash flow of $1.4 billion and $14.5 billion in cash and cash equivalents.

 

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