The company has already reported deliveries of 112,000 vehicles globally during the fourth quarter, a quarterly best for Tesla.
Here's how the company did versus expectations:$7.38 billion versus $7.02 billion, expected according to Refinitiv.
Tesla said it expects positive cash flow and net income on a continuing basis going forward, with possible exceptions as it launches and ramps up production for new products. The company's automotive gross margins were down slightly year-over-year and sequentially at 22.5% for the quarter. The company said it had already begun a production ramp for Model Y, its newest crossover SUV, at its Fremont, California car plant. The company also has plans to build the Model Y eventually at a factory it plans to build in Brandernburg, Germany in 2021.This photo of a production version of Tesla's Model Y was included in the company's Q4 2019 earnings report.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to Detox From the Holidays Like a ModelAdriana Lima, Cindy Crawford, and Naomi Campbell spill their holiday wellness secrets.
Read more »
‘Tesla’: Film ReviewInventor Nikolai Tesla is more popular today than when he died penniless in a New York hotel in 1943. Back then, he was the futurist who swore he could summon unlimited, clean, wireless electromagn…
Read more »
Irina Shayk Steps Out in the Ultimate Model Off-Duty BootIrina Shayk went for a cooler take on winter boots for her latest look.
Read more »
Elon Musk waves as he's seen driving a Tesla Cybertruck on California highwayA video of the brief encounter was uploaded to Instagram yesterday before making its way to Twitter, where it was retweeted by Elon Musk himself.
Read more »
Current model for storing nuclear waste may not be sufficiently safe, study saysThe materials used to store the waste 'will likely degrade faster than anyone previously knew' because of the way the materials interact, according to new research.
Read more »
High expectations for Tesla, and a long way to go to match rivals' steady profitBuckle up. Tesla's quarterly report could be another wild ride for investor...
Read more »