Projective implies flat
Every projective module is flat, so tensoring with it preserves exact sequences.
Let be a projective right -module. Then is flat: for every short exact sequence of left -modules
the induced sequence
is exact.
Proof idea
Projective modules are direct summands of free modules. The functor is therefore a direct summand of a direct sum of identity functors, so it preserves injections; as every tensor functor is right exact, it is exact.