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Tesla Turns A Profit, Declares 2019 'A Turning Point'

  •, Wednesday, January 29, 2020 5:52 PM
On a strict accounting basis, Tesla company posted yet another loss for 2019. However, the automaker posted a narrow $35.8 million profit for the year using the operating basis followed by most analysts and investors. "2019 was a turning point for Tesla," the company said in its statement. “The results are a validation for Tesla's controversial CEO Elon Musk, who has fans and detractors on Wall Street as he bucked the traditional auto industry,” reports CNN.

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