Tesla's income exceeded $1 bn


October 21, Fineko/abc.az. One of the largest manufacturers of electric vehicles, Tesla, has released the financial results for Q3 of 2021.

ABC.AZ reports with reference to Bloomberg that Elon Musk for the 2nd time earned more than $1 bn of profit for the quarter.

Despite declining sales from most manufacturers amid the crisis and problems with the supply of chips, Tesla increased sales in the quarter ended at the end of September, delivering a total of 241,300 electric vehicles of all models.

Of the earnings of $13.76 bn, $12.06 bn accounts for the automotive business, $806 million for solar energy and batteries, and $894 million for services and other income.

Company's net profit for the 3rd quarter totaled $1.62 bn.

In the previous quarter Tesla made a profit of $1.14 bn.