{"id":1911,"date":"2021-07-27T10:10:46","date_gmt":"2021-07-27T10:10:46","guid":{"rendered":"https:\/\/news25.org\/?p=1911"},"modified":"2021-07-29T01:23:00","modified_gmt":"2021-07-29T01:23:00","slug":"tesla-profit-surge-driven-by-record-car-deliveries","status":"publish","type":"post","link":"https:\/\/www.news25.org\/tesla-profit-surge-driven-by-record-car-deliveries\/","title":{"rendered":"Tesla profit surge driven by record car deliveries"},"content":{"rendered":"
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Tesla has reported surging profits, despite shortages of semiconductor chips and congestion at ports hampering production.<\/b><\/p>\n<\/div>\n<\/div>\n

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Sales rose to $12bn (\u00a38.6bn) in the three months to the end of June, up from $6bn a year ago, when its US factory was shut down.<\/p>\n<\/div>\n<\/div>\n

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The electric carmaker said it delivered a record 200,000 cars to customers in the same period.<\/p>\n<\/div>\n<\/div>\n

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It added that public support for greener cars was greater than ever.<\/p>\n<\/div>\n<\/div>\n

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The company, led by billionaire entrepreneur Elon Musk, reported on Monday that profits soared off the back of strong sales.<\/p>\n<\/div>\n<\/div>\n

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Profits for the second three months of the year were $1.1bn, up from $104m last year, bolstered by sales of its cheaper Model 3 sedan and Model Y.<\/p>\n<\/div>\n<\/div>\n

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In an update to investors\u00a0on Monday, Tesla said: “Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point.<\/p>\n