Tesla turns a surprise profit despite coronavirus factory shutdowns - Business Insider

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Breaking: Tesla turns a surprise profit despite coronavirus factory shutdowns

Here are the important figures: $5.99 billion versus an expected $5.8 billion

Tesla's stock price spiked as much as 7% in late trading following the release. Shares of the company were down about 13% from their recent highs at Wednesday's close, mirroring a similar selloff in wider equity indexes. The company previously released its first-quarter production and delivery figures at the beginning of the month that largely topped analyst expectations, despite factory shut downs affected the latter half of the quarter.

 

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Real profit, accounting tricks, or $LK profit?

It is going to be funding secured II. First they planned to recall workers then they cancelled the plan.

techinsider good lord what is happening here🧐

todaywear

This is what happens when you are not bogged down by Union labor costs and blood-sucking auto dealers.

This should become the stock photo for elonmusk from now on.

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