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Tesla Says It Has Cash to Meet Bond Payment as Profit Drops

Jan 31, 2019 - The New York Times
Financial Results

Tesla has now shown it can make money -- it reported its second consecutive quarterly profit on Wednesday, the first time it has done so -- but the automaker still faces many challenges as it seeks to keep its growth going.

The Model 3 sedan still costs too much to produce. The company has set an ambitious goal of churning out cars from a new factory in China by the end of the year. And it struggles to provide the kind of customer service that buyers of luxury automobiles expect. Tesla als...