October 22, Tesla announced 2020 third quarter earnings. As you expected, Tesla five consecutive profitable quarter!
can see earnings information released from Tesla third quarter total revenue reached $ 8.771 billion, an increase of 39 percentage compared with $ 6.303 billion a year earlier compared to $ 6.036 billion in the second quarter of this year, an increase of 45 percentage exceeded market expectations.
It is worth mentioning that, according to data released by Tesla, third quarter gross margin of $ 2.063 billion, the overall gross profit margin was 23.5 percentage of vehicle gross margin is as high as 27.7 percentage. It seems that Tesla’s models have enough profit margin to lower prices. However, this data is a combination of all of its Tesla models, the estimated price of the lowest gross margin Model 3 is not so high.
products, Tesla had released its third quarter production and deliveries. Data show that total car production for the quarter was 145,036, which delivered 139 300, these two figures are breaking new Tesla history, production, deliveries to new highs. In addition, Tesla once again confirmed the 2020 target delivered 500,000 new vehicles. The first three quarters combined sales point of view, in order to reach the annual target, the fourth quarter of this year deliveries must reach 181,650.