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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs