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Tesla Extended Profit Streak With Record Quarterly Sales

by Bioreports
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Tesla Inc. extended its profitability streak in the third quarter and promised global production increases in the latest sign the coronavirus pandemic has done little to dent Chief Executive Elon Musk’s push to take electric vehicles mainstream.

The Silicon Valley car maker on Wednesday posted a net profit of $331 million for the three-month period ended Sept. 30. It marks Tesla’s fifth-consecutive quarter in the black and keeps the company on track for 2020 to be the first calendar year of profitability after years of losses….

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