Tesla Reaches Milestone With First USD 1B Quarterly Profit - Coronavirus Updates

San Ramon (US) (AP) Tesla's quarterly profit has surpassed USD1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla's long-term viability raised during its early years of losses and production problems..

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