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Tesla (TSLA) earnings Q2 2020

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Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. 

Here’s how Elon Musk’s electric car and renewable energy business did versus analysts’ expectations, according to estimates compiled by Refinitiv.

  • Earnings: $2.18 (ex-items) vs. 3 cents per share, expected.
  • Revenue: $6.04 billion vs. $5.37 billion, expected.
  • Net income: $104 million (GAAP)

Tesla also reported its first full year of profitability on a GAAP basis, which means it can now be considered for inclusion on the S&P 500 index.

On the earnings call Wednesday, Musk announced that Tesla will build its next factory



Source cnbc.com

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