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01 02 2019 02

Tesla Inc. reported a second consecutive quarter of profit for the first time in company history.

Tesla said it earned $139 million in the fourth quarter of 2018. It was also Tesla’s fourth profitable quarter ever, according to an investor letter published on Wednesday. Tesla generated $7.2 billion in revenue in the quarter, a record for the company, compared with $3.29 billion a year ago.

Total revenue for 2018 was $21.4 billion — another record for the company — though Tesla still posted a $1 billion loss across the year.

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