Tesla’s service and used car revenue surges, but lacks a hike in US vehicle sales
The third-quarter sales of Tesla in the US have slipped by 39%, however, there is a huge hike in the revenue extracted from its services and others. The list of others incorporates its sale of used cars. According to the latest update of Tesla’s financial filing, revenue in this segment has surged by 68% to $548 million as compared to the level of $326 the previous year. Additionally, there is a substantial hike of 91% to $1.65 billion in terms of revenue in the first nine months of 2019. In spite of increments, services and other revenue accounted for less than 9%. CEO, Elon Musk bragged to customers and expected buyers that they will appreciate models as they age and thanked full self-driving. In July, he had tweeted that the self-driving Teslas should be worth $100,000 to $200,000.