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Tesla breaks earning record due to rising Chinese demand

News Snapshot:

Tesla reported US$1.62 billion in profit for more than three months in September, an all-time high. It registered $13.76 billion in revenue, up 57 per cent from a year earlier, which is also a record for the American electric vehicle maker. China has been fueling both demand and production for Tesla. China Passenger Car Association (CPCA) declared 133,238 vehicles were shipped from Tesla's Shanghai Gigafactory in the July to September quarter, including 59,579 units for export and 73,659 were sold domestically. SeaNews Turkey

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