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Tesla starts earning a profit this year: analyst



Tesla could make a profit this year, said the automotive analyst Jamie Albertine to CNBC.

7 on June 29, 2010, compared to $ 345 on Friday.

The only problem: The company has never made money on an annualized basis. The company lost nearly $ 2 billion last year and burned $ 3.4 billion in assets.

But Albertine told investors such as CEO Elon Musk because he is seen as an innovator and Tesla "has significantly more demand than any other automaker on earth, in terms of reservations for a vehicle."

Trip Chowdhry, Managing Director Stock Research at Global Equities Research pointed out that Tesla's revenue this year will be in the region of $ 20 billion

"People buying Model 3 without test drives [them]" Chowdhry said Friday " Closing Bell "When did you buy products that are worth more than $ 50,000 without touching, feeling without, driving, and not only that? $ 20 billion of revenue was generated by zero advertising dollars That's the force behind Tesla. " No other company in the world is so close. "

However, Tesla's growth efforts face many obstacles, including the need for more factories and expanded product lines, and Albertine said Musk will likely invest in factories in China to enter the Asian market.


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