Tesla Motors was able to record strong quarterly profits for the fourth consecutive quarter, as the company achieved profits of $ 104 million during the second quarter of this year, in exchange for losses With a value of 408 million dollars during the same period in the previous year.

According to Arabia Net, revenue fell by about 5% to about $ 6 billion by selling 269,000 cars, despite the effects of the Corona virus crisis. < / p>

It is reported that Tesla's share has jumped by nearly 300% since the beginning of 2020, with a market value of $ 300 billion, outperforming Toyota Motor by far.

These successes prompted Elon Musk to announce the construction of a new factory for the company in Texas and added that the plant would be used to produce Cybertruck, Semi, Model 3 and Model Y cars. p>

Tesla electric car maker expressed its desire to start building a huge car assembly plant in the southwestern United States, perhaps during the third quarter of this year, the company told Texas officials In documents released to the public this week.

But the company is still differentiating between Texas and Oklahoma in an effort to win tax breaks, according to the document. Reports say the new facility will build the Tesla electric SUV and Y-series SUV.

Tesla told officials in Travis County, Texas that she would like to invest about $ 1 billion to build a 4-to-5 million square-foot assembly plant, which would employ 5,000 people It is in a site currently occupied by a cement project near Austin. But it needs tax exemptions in order for the site to be able to compete with an alternate site in Oklahoma, according to documents provided to state officials.

Mask, 49, is the ninth richest person on earth with a fortune of $ 71.5 billion, according to the Bloomberg Billionaires Index.

(Fun Knowledge of Knowledge)