Tesla returns to profit in Q3

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Tesla posted net income of US$22 million for Q3, with expectations of this positive performance to continue into Q4. Credit: Tesla

EV manufacturer and battery specialist Tesla Motors has reported strong results with a return to profit in Q3 this year.

The firm has consistently reported losses for some time and has been under severe scrutiny from investors over the planned acquisition of the largest residential solar installer in the US, SolarCity. Tesla reported a loss of US$293 million back in Q2 this year, but has now posted net income of US$22 million for Q3, with expectations of this positive performance to continue into Q4.

Read the full story on PV Tech's sister site Energy-Storage.News.

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