The Model 3 may actually help Tesla turn a profit for the first time

Tesla Model 3

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 on Tue, 17 Jul 2018 at 21:30:28 EDT. Please see our terms for use of feeds.

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