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Tesla exits 2020 with a first-time profit

2020 in many ways ended up a noteworthy year for the electric car maker.

Photo: Patrick T. Fallon/AFP / AFP

2020 became a significant year for electric vehicle (EV) manufacturer Tesla, which ended up with a profit of USD 721 million. It's thereby the first time that Tesla sees a positive full-year result, the company informs in its annual report, according to news agency AFP.

Although the US has been quite hard hit by Covid-19 during much of last year, Tesla managed to boost production of electric cars, contributing to the profit.

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