The US electric car manufacturer Tesla has exceeded the experts’ expectations with its second consecutive quarterly profit.
In addition, the company announced on Wednesday after the US exchange closed that it would deliver more than 500,000 vehicles this year. In 2019 there were 367,500. The Tesla share rose six percent to $ 615 after the exchange.
For the first time, it surpassed the $ 600 hurdle. The distributable net profit was reported to be $ 105 million in the three months to the end of December, a decrease of seven percent over the same period last year. Without special items, Tesla earned $ 2.06 per share.
Analysts had expected an average of $ 1.72. Fourth quarter sales increased 7.8 percent to $ 7.38 billion and also exceeded expectations. Tesla boss Elon Musk has to wait for the first annual profit since the company was founded in 2003 – despite two quarters with black numbers in a row. Given the high level of investment and expansion costs, the bottom line in 2019 was a loss of $ 862 million. After all, that was significantly less than the previous year, when the minus had been $ 976 million.
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