Tesla’s Bumper Earnings Report After Years…

After years of failing to meet overly optimistic forecasts, Tesla Inc. actually delivered on Chief Executive Elon Musk’s promises in 2019, which only opens it up to higher expectations and ambitions.

Tesla TSLA, +2.49% reported a profitable fourth quarter Wednesday that beat expectations. It was the second straight quarter of GAAP profitability for the electric-car maker, which appeared headed for sustained profitability last year before yet another in a series of stumbles destroyed its books in the first half of 2019.

Source: Market Watch

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