Tesla reports $721 mn in 2020 earnings, first profitable year

New York (AFP) – Tesla Motors reported its first annual profit Wednesday following a big jump in auto deliveries despite the upheaval of the coronavirus pandemic as it signaled confidence for more growth in 2021. Elon Musk’s electric car company — which has soared on Wall Street for much of the last year — benefited from scaled-up production at factories in California and China as it pushes forward with new plants in the state of Texas and Germany that are expected to begin production in 2021. “This past year was transformative for Tesla,” the company said in its earnings report.  “Despite u…

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