Tesla’s record 2019 has bought it some breathing room

Photo by James Bareham / The Verge

Tesla’s record-setting number of sales in 2019 also helped the electric automaker generate more money in one year than ever before, the company announced Wednesday afternoon. Tesla generated $24.6 billion in revenue in 2019, buoyed by a fourth quarter revenue figure of $7.4 billion.

Tesla still didn’t turn an annual profit — in fact, it lost $862 million in 2019. But that was better than the $1 billion loss the company posted in 2018. Tesla also finished the year with back-to-back profitable quarters, something it did for the first time ever in 2018.

Combine that performance with the fact that Tesla recently opened up and started making deliveries from its factory in China — the first non-Chinese automaker to do so on its own in the…

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