Tesla to share how badly Covid-19 hit profit plans [CNNMoney.com]
Tesla, Inc. (TSLA)
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Source: CNNMoney.com
Tesla is about to reveal how badly coronavirus hit its profit plans New York (CNN Business) This was supposed to be the year that profit became the norm at Tesla. Then came the coronavirus crisis. Tesla recorded its first annual profit in 2019, when results were adjusted to exclude special items. It said that it expected to be profitable going forward . The coronavirus shifted those plans. The company was soon dealing with a temporary shutdown of its new factory in Shanghai because of the outbreak of the virus in China. And by March it was forced to temporarily shut its plant in Fremont, California, which supplies US and European buyers. Still, Tesla managed to build more than 100,000 cars in the quarter, although it delivered only 88,400 of them, a drop of 21% from the number of completed sales in the fourth quarter. This is a key time for Tesla. It just started production of its lower-cost SUV, the Model Y , that it expects could soon be its bestselling and mo
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- Tesla's cheaper Model 3 & Y in Europe, Netflix–Warner Bros. backlash [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tesla Is Losing: Why This Time Is Different (Rating Downgrade) [Seeking Alpha]Seeking Alpha
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Sec Filings
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- 11/10/25 - Form SCHEDULE
- 11/10/25 - Form 4
- TSLA's page on the SEC website