Electric car manufacturer Tesla creates additional profit

Tesla has shown for the first Time in its history, four quarters in a row profit. On Wednesday after the market close, the electric car manufacturer reported fo

Electric car manufacturer Tesla creates additional profit

Tesla has shown for the first Time in its history, four quarters in a row profit. On Wednesday after the market close, the electric car manufacturer reported for the past three months a net profit of $ 104 million, a year ago there had been a loss of 408 million dollars. He is on the way to be in total year 2020 to be profitable, what is done to him still in any one year.

Roland Lindner

economic correspondent in New York.

F. A. Z. Twitter

The Figures were well above expectations, and the share price rose in after-hours trading, at times by seven percent to $ 1700. Since the beginning of the year, the price has quadrupled in about. Tesla currently has a market capitalization of around 300 billion dollars and the highest rated car is the manufacturer of the world. Only a few weeks ago, the company had taken over this title from the Japanese manufacturer Toyota, which is a little more than $ 200 billion and is now a huge backlog. Tesla has also suspended the German manufacturers Volkswagen, BMW and Daimler come together to a market capitalization of almost 155 billion Euro. The current share price of Tesla is also by far the 420 dollars, which has brought the chief Executive officer Elon Musk two years ago, as the price in the case of a possible withdrawal from the stock market into the game. These plans, he gave up after a short time.

The fourth quarterly profit in a row for Tesla in this respect, of greater importance, because the company fulfilled a criterion for inclusion in the stock index S&P 500. The prospect has helped win in the last few weeks of the course.

green Heath to deliver next year, cars

In the past quarter, has delivered to Tesla, nearly 91,000 on cars. The were five percent less than last year, but in the light of the Corona-crisis, which put the Tesla headquarters in California for almost half of the quarter, lame, that was better than analysts expected. Musk has delivered because of the forced closure of a public dispute with the County in which the work is situated. He has sued him and the production facility earlier than allowed up, in the meantime, he was threatened with a departure from California. At the time of submission of the last quarterly figures in April, he named output restrictions in the Wake of the pandemic, "fascist".

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The interruptions in production in America was able to compensate for the Tesla part seems to be over until the end of 2019, opened a factory in Shanghai. The company is currently preparing the construction of a new car and battery plant in Brandenburg-Grünheide before and after data Wednesday further in the Plan, to be able to from there in the next year, the cars deliver. In Germany, the "Model Y is to be made", Tesla's latest model, which is only a few months on the market. The company wants to build in the United States, another work, and stated in his quarterly report to the Texas Austin as a location is selected.

tip for reading: the Tesla Fans insane? An analysis of the steep Tesla share price.

The adjusted earnings per share in the second quarter amounted to 2,18 Dollar and was thus far above the forecasts of analysts, who had expected with an average of 3 cents. The profitability of emissions are likely to have points added, which can get the company by governments for the production of electric cars and other manufacturers sell. So Tesla took in $ 428 million a year ago, there were 111 million dollars.

Updated Date: 22 July 2020, 21:19

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