The website of the well-known manufacturer of electric vehicles has published another financial report. This is the report for the fourth quarter of 2020 and for the year as a whole.
First, here are the data for the quarter.
Tesla’s quarterly revenue was $ 10.744 billion. This is 46% more than in the fourth quarter of 2019, when the figure was $ 7.384 billion. Operating income for the fourth quarter of 2020 was $ 575 million, up 60% year on year, up from the same quarter the previous year. The fourth quarter of 2020 resulted in a net profit of $ 270 million. The report for the fourth quarter of 2019 cited a value of $ 105 million, an increase of 157%. This is how the main indicators of the fourth quarter of 2020 look compared to the fourth quarter of 2019.
In terms of full year 2020, Tesla’s revenue reached $ 31.536 billion, operating income $ 1.994 billion, and net income $ 721 million. For comparison: in 2019, having received $ 7,000 billion in revenue, the company suffered an operating loss of $ 667 million, and the year ended with a net loss of $ 674 million.
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