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Daily Crunch: Tesla is profitable again

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Daily Crunch: Tesla is profitable again

1. Tesla earns its first profit in two years
Tesla reported a profit in the third quarter, reversing seven consecutive quarters of losses. This is only the third time in the company’s history that it has achieved this milestone.
The turnaround was driven by sales of the Model 3. The company said customers are trading up their relatively cheaper vehicles to buy a Model 3, even though there is not yet a leasing option and the starting price was $49,000.
2. Trump has two ‘secure’ iPhones, but the Chinese are still listening
A new report by The New York Times puts a spotlight on the president’s array of devices and how he uses them. However, both Trump and a spokesperson for China’s foreign ministry have denied the story.
Daily Crunch: Tesla is profitable again
(BRENDAN SMIALOWSKI/AFP/Getty Images)
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