Name: Insights: Tesla Made a Big Leap on 2019's FORTUNE 500
Uploaded: 2020-01-23
Duration: 32 s
Description: But the company still lost money.

[MUSIC PLAYING] $976,000,000, that's how much Tesla lost in 2018. It's actually an improvement over 2017 when they lost almost $2 billion. And that just goes to show you how hard the car making business really is. The company is plowing money into making its newest model, the Model 3. And it's a very, very seasonal kind of business. It's still losing money, but the revenue is up and that's why it's jumping. 

Insights: Tesla Made a Big Leap on 2019's FORTUNE 500

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Tesla Made a Big Leap on 2019's FORTUNE 500

$976 million. That's how much Tessa lost in 2018. It's actually an improvement over 2017 when they lost almost two billion. That just goes to show you how hard the car making business really is. The company is plowing money into making its newest model, the Model Three, and it's a very, very seasonal kind of business. It's still losing money, but the revenues up, and that's why it's jumping.