Yes, Tesla made money in 2020. Tesla Motors (TSLA) reported a quarterly gross profit of $2.066 billion and a quarterly operating income of $575 million on 31 December 2020.Read more
Musk is betting that he can drive sales and profitability with a new chip that will give Tesla vehicles a full-self-driving (FSD) capabilityRead more
Sysco is the largest buyer of the Tesla Semi yet; the second largest buyer is brewer Anheuser-Busch (NYSE: BUD), which has pledged to buy 40 semis. Walmart (NYSE: WMT) has plans to buy 15, the J.B. Hunt trucking company will buy several, and Canadian grocer Loblaw’s has placed an order for 25.Read more
If Fedderson’s claims are true recharging just one Tesla Semi would require more electricity than a town the size of Leadville, Colorado. Leadville had an estimated population of 2,693 people in 2016.Read more
Another good question to ask is does Tesla have the money to build the electric semi? The financial report’s answer is no, no, and no.
Tesla is burning cash like crazy and there seems to be no end in sight. The financial numbers also tell us where Musk got the money to finance the semi project from, he borrowed it.Read more