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The profit came despite price cuts and low-interest financing that helped boost sales of Tesla's aging vehicle lineup.
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NextStar says the final phase of operations will begin next year, when cell manufacturing begins.
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According to the KPMG report, 85 per cent of business leaders in Canada polled are reviewing their business strategies to prepare for a change in leadership.
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The aircraft will feature a range of 8,000 nautical miles and a top speed of Mach 0.94.
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The LOI outlines the intent to form a joint venture focused on recycling end-of-life photovoltaic (PV) cells and solar panels in North America.
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