Tesla had only Two profitable quarters in 8 years as listed firm
Elon Musk-led carmaker Tesla has reported only two quarterly profits in its 8 years as a listed company, once each in 2013 and 2016. On June 29, 2010, Tesla became the first car company to go public in the United States since Ford Motor Company in 1956. Elon Musk recently proposed to take Tesla private, valuing the company at $72 billion.
A Bloomberg source has claimed that Saudi Arabia’s Public Investment Fund is in talks that could make it a “significant investor” in Tesla as part of the electric car company’s plan to go private.
Tesla had only Two profitable quarters in 8 years as listed firm < Tesla News