For as often as detractors like to categorize Tesla as a flash in the pan with no long-term prospects for success, the electric automaker has made a habit of proving those naysayers wrong. While Tesla’s ability to sell cars has never been an issue, the company’s ability to actually turn a profit has long been called into question. Recently, though, Tesla surprised almost everyone when the company posted a quarterly profit of $342 million when most analysts were anticipating a steep quarterly loss.
During the ensuing earnings conference call, Musk couldn’t help but heap praise on the company’s upcoming Model Y, a crossover version of Tesla’s immensely popular Model 3. Notably, Musk said that the Model Y may arrive sooner than anticipated given that production may commence by summer of 2020.
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Tesla Model Y prototype spotted cruising along a California highway originally appeared on BGR.com on Thu, 31 Oct 2019 at 22:05:07 EDT. Please see our terms for use of feeds.
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