Money Elon Musk: Tesla presents its figures for the third quarter
Tesla: Model 3 is cheaper and continues to drive
Tesla significantly reduces the price for its Model 3 in China. Customers in Europe will probably also soon be able to look forward to discounts at Tesla. © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images • New batteries make lower prices possible • Demand in China below expectations • Model 3 could also be cheaper in other countries The US automaker Tesla launched a slightly modified Model 3 in China.
Tesla boss Elon Musk was able to report the fourth profit in a row for the second quarter of 2020. On Wednesday night, investors will find out whether they can maintain their success.
With the construction of theThe analysts' outlook for the
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On the US stock exchange Nasdaq the Tesla share was before trading at 421.98 dollars. The electrical pioneer is a long way off from the high of $ 498 at the beginning of September. In the past few quarters, however, Tesla has repeatedly been able to present surprisingly good figures. In the second quarter of 2020, Tesla boss
Elon MuskIn the same quarter last year, the company reported a loss of $ 408 million or $ 2.31 per Tesla share. Operating profit (Ebitda) was $ 1.2 billion. Even the ailing solar business had recently started up again. “Our operating result improved in the second quarter despite challenging circumstances,” Tesla CEO
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But there were also burdens on the Tesla balance sheet: During the corona pandemic, production in the Tesla plants had to be temporarily suspended - despite massive public complaints from Musk. In the current quarterly figures, investors should therefore pay particular attention to the development of regional registration numbers, wrote analyst Mark Delaney in a study published on Monday. From this it can be deduced whether Tesla can defy the corona crisis in the auto industry. In addition, the development of the model range is likely to be in focus: With the Model Y, Tesla wants to occupy the lucrative segment of compact SUVs. The electric pioneer wants to counteract the chronic weak sales of the luxury-class sedan Model S with a price reduction. On Wednesday at 10:25 p.m. German time, investors will find out whether the success story will continue in the third quarter of the financial year. Then Tesla will publish the figures for the third quarter of 2020 in the
More: Federal Cartel Office confirmed: Electric car manufacturer Tesla is merging with the Rhineland-Palatinate auto supplier ATW based in Neuwied near Koblenz.
Too expensive? Tesla is secretly canceling its seven-day right of return .
Order a Tesla, try it for seven days and return it if you are dissatisfied - Tesla's right of return was unique in the automotive industry. But that seems to be over now. © Provided by Finanz.net Thomas Lohnes / Getty Images • Tesla lured buyers with a seven-day right of return • Overnight offer is canceled from Tesla website • Are quality defects to blame for the change in strategy? The seven-day return policy has set the electric car maker Tesla apart from its rivals for a long time.