Tesla released its Q3 2020 financial report, with net profit reaching US$331 million, a year-on-year increase of 131%

In the past two years, with Tesla's vigorous advancement in factories and products, its financial performance has begun to change its previous pessimistic trend of continued losses.

On October 22, Beijing time, Tesla released its third quarter 2020 financial report. According to the report, Tesla's total revenue in Q3 2020 was US$8.771 billion, a year-on-year increase of 39%; net profit was US$331 million, a year-on-year increase of 131%. In this financial report, the most surprising thing is that Tesla not only continued the previous trend of turning losses into profits, but also obtained an unprecedented net profit of US$331 million, which will surely greatly enhance the confidence of the capital market.

In terms of products, in the third quarter of 2020, Tesla's most important pillar product was still the Model 3, with total deliveries of Model 3/Y reaching 124,318 units, a year-on-year increase of 56%.

It is worth noting that Musk said in his speech at the subsequent earnings conference that Tesla will most likely launch a fully autonomous driving function by the end of 2020. Once Tesla makes a breakthrough in the core technology of this new energy vehicle, it will surely greatly consolidate its market position.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.