Tesla posts first annual profit — still loses $862M

In light of its popularity and strong sales figures, Tesla seems to have turned a corner recently after posting its first annual profit, kind of. According to CNN, in operating terms, Tesla posted a $386 million profit across the last three months of 2019. This meant it finished the year $35.8 million in the black. That said, when considering the full company accounts, Tesla actually posted a loss for the whole year. In fact, it lost $862 million, The Verge writes. A notable improvement over the $1 billion loss it posted in 2018, though. [Read: Tesla becomes America’s first $100B…

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