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October 22, 2020

Tesla posts net profit for fifth straight quarter

By TOM KRISHER
AP Auto Writer

DETROIT — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter.

The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter.


 
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