The auto industry has not had an easy time of it in the past few months. But although the auto industry suffers from a lack of components and therefore many manufacturers have had to make compromises, Tesla can post a record profit for the third quarter. As Elon Musk’s group announced on Wednesday at the close of the US stock market, Tesla was able to make a profit of 1.6 billion euros in the third quarter. This corresponds to a year-on-year increase of 389 percent.
But there was also a record for sales. This grew by 57 percent to $ 13.8 billion. The expectations of most analysts were thus exceeded. Nevertheless, the share fell into the red after the trading hours, as investors showed restraint. However, Elon Musk’s group can report further good news: Everything is going according to plan with the construction of the European car factory in Berlin. According to the quarterly report, the company expects to receive final approval before the end of the year.
In fact, production in Brandenburg should start as early as July. However, bureaucratic inconsistencies delayed the schedule. Nevertheless, it is assumed that the first Model Y will be finished before the end of the year.