Tesla Back in the Black, First Profit in 2 Years!

As an entrepreneur, Elon Musk, has been taking considerable risks while pioneering his electric car company. It almost didn’t happen at all in the beginning due to battery design issues, but his team made it happen.

If you have a dream or a passion, do us all a favor (including yourself) and never give up on it!

Tesla reported a profit of $312 million this quarter versus the $619 million loss in the same period last year. The electric car company actually hasn’t reported any profit since 2016! This sparked Tesla’s shares up 12% to $320/share. 

This is largely thanks to the Model 3 sales.

0-60 MPH in 3.3 Seconds
310 Miles per charge
All-Wheel Drive
Auto-pilot Driving
15-inch touchscreen console
All glass roof
$46K to $64K
$7,500 tax credit

 

Tesla reported stunning sales of $6.8 billion in the third quarter, delivering 83,500 electric vehicles including 56,065 Model 3 sedans.

Tesla said it’s “working hard” to bring down the price of Model 3 to $35,000, adding that better than expected Model 3 cost reduction is allowing it to bring more affordable options to the market sooner.

What’s cool is they have over 10,000 recharging stations world-wide with 6 new locations opening every week.

What if Elon had given up? What he did was change his approach, saw that consumers that the environmentally-conscious consumers needed a more affordable option and he delivered! 

As entrepreneurs we have to focus outward from our customer, figure out their needs, their point of view and most importantly what they need in the future. A good entrepreneur knows where the money’s at, a great one knows where the money’s going to be!

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