Teslas record 2019 has bought it some breathing room

Tesla’s record-setting number of sales in 2019 also helped the electric automaker generate more money in one year than ever before, the company announced Wednesday afternoon. Tesla generated $24.6 billion in revenue in 2019, buoyed by a fourth quarter revenue figure of just shy of $7.4 billion.

Tesla still didn’t turn an annual profit — in fact, it lost $862 million in 2019. But that was better than the $1 billion loss the company posted in 2018. The company pulled down a $105 million profit in the fourth quarter, though we don’t yet know exactly how that was achieved. (For instance, the profit Tesla turned in the third quarter of 2019 came from slashing operating costs, selling regulatory credits, and booking some of the money charged...

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