This comes after the company announced achieving a higher profit margin than expected in the third quarter of this year despite providing large financial incentives to enhance demand for its variety Its electric cars Obsolete.
The company’s business results showed an increase in its net profits during the third quarter of this year by 17.3 percent on an annual basis.
She said Tesla Its profits amounted to $2.2 billion during the third quarter, compared to $1.85 billion during the same period last year.
This significant increase in profits came despite reducing prices and interest on financing car sales with the aim of increasing sales. It is also the first time the company has achieved growth in quarterly profits during the current year.
At the same time, Tesla’s revenue during the third quarter increased by 8 percent year over year, reaching $25.2 billion, while analysts had expected revenue of $25.5 billion.
The CEO said Tesla Elon Mask He expects vehicle sales to grow by 20 to 30 percent next year, reassuring investors that the company is improving its core business of selling electric vehicles profitably, and reducing concerns about when its taxi robots will go into production.