Tesla Inc posted record quarterly revenue of more than $10 billion for the first time in history in the October-December period last year, according to its financial results statement released Wednesday, APA reports quoting Anadolu Agency.
The US electric vehicle maker saw its revenue soar to $10.74 billion in the fourth quarter of 2020, up by 45% from $7.38 billion in the same period of 2019.
Its net income also soared 157% to $270 million from $105 million during the period.
The Palo Alto-based company managed to produce a total of 509,737 vehicles during 2020, of which 179,757, or a staggering 35%, came in the final quarter.
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