Is Tesla Profitable 2020. Tesla on the other hand points out that it doesnt depend on credits sales to be profitable as its gross profit from their automotive segment of the business in 2020 was 54 billion even. The company earned 721 million capped by a 270 million profit in Q4.
Get the detailed quarterlyannual income statement for Tesla Inc. 212021 Teslas dirty little secret. Tesla which has never had a profitable year ended 2019 with a loss of 862 million less than its two previous annual losses.
The company reported on.
According to CNN Business Tesla brought in 33 billion from selling credits over the last five years with nearly half of that in 2020 alone. To be clear Tesla did report a profit for 2020 under generally accepted accounting principles marking the companys first full year of profitability. Yet the 500000 cars it sold in 2020 were a sliver of more than 70 million. It may sound weird but both statements are.
