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Tesla made more money last quarter than the entire US oil industry made last year

Tesla Fremont factory 19

While there are nuances to the claim made in this headline, it is technically true since Tesla announced that it turned a profit of $22 million last quarter while the US oil industry managed to lose $67 billion last year due to its inability to stomach lower gas prices, according to the U.S. Energy Information Administration (EIA).

I think it’s something to consider in this new political climate following the election of Donald Trump.

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