I'm not sure if it is, but if so, it isn't nearly as profitable as the Model S.
Quote:
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“The Model 3 hasn’t reached a combination of sales volume and price that produces profits,” said Erik Gordon, a business professor at the University of Michigan who follows Tesla. Investors have to worry about whether it can reach a profitable combination, he added.
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https://www.nytimes.com/2019/07/24/b...gs-report.html
So it must be making some profit for that statement to be true. Probably really depends on the model. The base one can't be making money as they vowed to get it to 35k, and they aren't here yet. If it was profitable, they'd be cutting the price on the base to meet that.