Electric car maker Tesla expected to generate more than $25 billion in revenue this year

November 27 news, according tomedia reports, 2019 has less than 40 days left, after a while, the performance of major companies will become the focus of attention. Electric car maker Tesla has made big strides this year, not only with a significant increase in model 3 production, but also in the first half and second half of the year to launch a new electric car.

Electric car maker Tesla expected to generate more than $25 billion in revenue this year

In terms of revenue, Tesla reported revenue of $4.541 billion, $6.35 billion and $6.303 billion in the first three quarters, respectively, and total revenue of $17.194 billion in the three quarters.

In the first three quarters of last year, Tesla’s revenue was $3.409 billion, $4.002 billion and $6.824 billion, respectively, compared with $14.235 billion in the three quarters and $17.194 billion this year, up 20.78 percent from a year earlier.

After $7.226 billion in the fourth quarter of last year, Tesla’s revenue for the full year of 2018 was $21.461 billion, compared with $17.194 billion in the first three quarters of the year, or 80 percent of last year’s total.

If revenue in the fourth quarter of this year is maintained at a 20.78 percent year-on-year growth rate in the first three quarters, Tesla’s full-year revenue will reach $25.9 billion. This year’s revenue will be $24.42 billion, unchanged from the fourth quarter of last year.

Unlike in the fourth quarter of last year, Tesla added shanghai’s Super factory in the fourth quarter, which has approved mass production and the domestic Model 3 was unveiled at last week’s Guangzhou Motor Show, producing about 3,000 Model 3s a week at the initial stage of the Shanghai Super plant, even though it was only four weeks in December. It could also produce 12,000 vehicles, whilemedia previously reported that Tesla’s Shanghai Super plant is looking to produce 174,000 Model 3s by the end of the year. As a result, with the addition of the Shanghai Super factory, Tesla’s capacity for electric vehicles will increase in the fourth quarter of this year, and revenue will increase, down from the fourth quarter of last year.”

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