Tesla achieved a profit for the first time in two years thanks to the second quarter of 2018

تسلا تحقق أرباحًا لأول مرة منذ عامين بفضل الربع الثالث من 2018

The company announced the delivery of its financial results for the third quarter of 2018, which revealed where on the achieved profits finally after two years of consecutive losses, which contributed to the high value of the stock to get over$ 320 in the stock market by 12% after the announcement.

She recognizes that she has been able to achieve a profit of $ 312 in the second quarter of the year which ends on September 30 last, unlike the second quarter of 2017, which experienced net losses of $ 619 million. Thanks to sales of 6.8 million, compared with sales of$ 2.98 billion million in the same period of the previous year.

It can be said that the second quarter in 2018 is the second quarter in the history of the company achieved profits – after the same period in 2016, and why the profits of this time to increase the sales of the car Model 3 is mainly led by company founder Elon Musk himself.

According to the company’s financial report, they have free cash flow of $ 881 million which is completely different from the previous year which saw the flow of negative $ 1.416 billion. The liquidity of the company rose $ 731 million to implement the third quarter by approximately$ 3 million.

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