About this document
Tesla Q3 2020 Financial Update by Simon Alvarez is a document available to read on EtoBox.
The third quarter of 2020 was a record quarter for Tesla on many levels. Revenue grew 39% year-over-year to $8.8 billion driven by substantial growth in vehicle deliveries. Operating income improved to a record $809 million, resulting in a 9.2% operating margin. Cash and cash equivalents increased by $5.9 billion in the quarter to $14.5 billion due to a recent capital raise and positive free cash flow of $1.4 billion. Tesla continues to focus on cost efficiency while growing production capacity rapidly acro
- Author
- Simon Alvarez
- Language
- EN