Tesla, Electric Vehicles, and the Profitability Conundrum

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Since it went public ten years ago, popular US EV (electric vehicle) maker Tesla has made a net profit in just four quarters. The company has yet to post an annual profit.

Achieving profitably in EVs has been a problem for the automotive industry. Yesterday, Chinese EV maker NIO released its second-quarter results, posting a massive loss. The company’s stock fell sharply after its earnings release.

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