Tesla posts record $US1.14 billion profit in best quarter-year result to date

US electric-car start-up Tesla has posted a record quarter-year profit of $US1.14 billion – after costs but before taxes – from a turnover of $US11.96 billion in the three months from April to June 2021. It is the first time Tesla has eclipsed the $1 billion profit milestone in quarterly earnings and is more than 10 times the profit for the same period the prior year, which analysts have reported is “a sign of increasing financial health” for the company.