Without a doubt, Tesla has changed the face of the car industry, but how does it make money? Throughout its history as a public company, Tesla … Tesla reported its largest-ever quarterly profit on revenue of $8.8 billion, beating analyst expectations of $8.4 billion. In short, they don't. Discover historical prices for TSLA stock on Yahoo Finance. Founded in July 2003 as Tesla Motors, the company's name is a tribute to inventor and electrical engineer Nikola Tesla. View daily, weekly or monthly format back to when Tesla, Inc. stock was issued. Its 76 cent earnings per share beat the Street’s forecasted 57 cents. Why it matters: Tesla has become the world's most valuable automaker. Tesla published Q2 2020 results on Wednesday, posting a net income of $104 million - well ahead of consensus estimates that projected a small loss. Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California.Tesla's current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services.. ... much of the improved profitability … About a week later the company raises $1.02 billion in debt and equity to repay DOE loans. Tesla reports its first quarterly profit. Fire on the Tesla – October 1 The Model 3, its top-selling vehicle, is almost half the price of its Model S and Model X. Tesla made a $139 million profit in the fourth quarter of 2018, the first time the electric automaker has ever posted back-to-back profitable quarters in its 15-year history. Tesla (TSLA) reported Q3 2020 earnings after market close on October 21. CEO Elon Musk has said he expects Tesla to turn a profit in the third and fourth quarters of 2018. Margins for the Model 3 are narrower, too. 2013 - Tesla posts its first quarterly profit. 2014 - Tesla announces its Nevada Gigafactory, where the company will manufacture the batteries for all of its products. Tesla’s non-profitability may be due to its sales mix. Tesla reported its fifth consecutive quarter of profitability — raking in $331 million, the most money since the run began — alongside a record number of deliveries of its electric cars.