Tesla's surprising success during the coronavirus crisis [MSN Money]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: MSN Money
© Provided by QuartzTla is at a crossroads. For more than a decade, it lost money,teetering on the edge of bankruptcycars people lovedTla saw its stock surge afterreporting the company’s third-consecutive profitable quarterCEO Elon Musk told invtors the company was prsing ahead with growth plans dpite the Covid-9 pandemic: 500,000 cars per year, new autopilot featur, the ramp-up of the Model Y crossover, and expanding factori in Berlin and Shanghai. Dpite shutdowns that have slowed production and deliveri, Tla managed to eke out a $6 million profit on $6 billion in sal. And while the coronavirus st its free cash flow into negative territory this quarter, sal of the massively popular Model and Model Y lin remain strong, and a rect fundraising round leav the company with a comfortable cash pile.Load ErrorThat’s left it in an viable position. Tla is poised to weather amoribund global auto marketMarket capNothing sets Tla apart like its valuation. Ford and GM once towered over Tla. Once
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