New York (CNN Business) Tesla posted its first annual profit, easily topping Wall Street's forecasts in the final three months of 2019. Tesla has had only a handful of quarterly profits in its 10 years as a public company. On a strict accounting basis the company posted yet another loss for 2019. However, Tesla posted a $386 million profit in the final three months of 2019 using the operating basis followed by most analysts and investors. That left it with a narrow $35.8 million profit for the year.

Source: CNN January 29, 2020 21:39 UTC