The Model 3 may actually help Tesla turn a profit for the first time
Just about three months ago, Tesla CEO Elon Musk issued one of his characteristically optimistic and bold promises. Specifically, Musk boasted that Tesla would be able to turn a quarterly profit before the end of the year. Musk's promise came in response to an article claiming that Tesla was bleeding money and in desperate need of a cash injection, Musk, as he's prone to do, quickly took to Twitter and said: "Tesla will be profitable & cash flow positive in Q3 & Q4, so obviously no need to raise money."
Tesla's next earnings report isn't until August 1, so we'll know more about Tesla's financial situation soon enough. In the interim, though, a new teardown of Tesla's Model 3 suggests that Musk's promise might actually hold water. After thoroughly examining Tesla's mass market EV, Sandy Munro of Munro and Associates -- a prominent auto and engineering consultancy firm -- found that the Model 3 could prove to be incredibly profitable for Tesla.
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The Model 3 may actually help Tesla turn a profit for the first time originally appeared on BGR.com on Tue, 17 Jul 2018 at 21:30:28 EDT. Please see our terms for use of feeds.