Autos

Tesla (TSLA) earnings Q3 2020

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Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019.

Aly Song | Reuters

Elon Musk’s electric car and renewable energy company, Tesla, reported third-quarter results after the bell on Wednesday. The stock was up slightly after hours as the company beat expectations on EPS and revenue, and reported its fifth consecutive quarter of net profit.

Here is how Tesla performed versus analyst expectations:

  • Earnings per share (adjusted): 76 cents vs 57 cents, per Refinitiv
  • Revenue: $8.77 billion vs $8.36 billion, per Refinitiv
  • Net income (GAAP): $331 million vs $394 million, per Refinitiv

The company already reported that it delivered



Source cnbc.com

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