Tesla reports record quarterly earnings, blowing past Wall Street's expectations

New York Tesla reported stronger-than-expected second quarter, with a record net income of $1.1 billion.

It was far more than double the $438 million it made in the first quarter, and more than 10 times the net income it reported a year ago. And it answered a major criticism of investors who've been bearish on the stock over the strength of Tesla's results.Notably, Tesla didn't depend on selling regulatory credits to other automakers to achieve its blockbuster earnings. Those credits were responsible for just $354 million in revenue in the quarter.

🚨 Info Token $HXP HEXAGONPay utilutytoken cryptocurrency Giveaways launch Launch Sunday at 10pm CET... Ha, there is a giveaway in progress, enter now, the end is Sunday to coincide with the coin toss. 🚀

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Space Company’s Wall Street Launch MisfiresA space company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S., the SEC said Space is hard. momentusspace 👀 'Lol whoops.'
Source: WSJ - 🏆 98. / 63 Read more »

Asia-Pacific stocks set for mixed start following record closing highs on Wall StreetAll three of the major averages stateside ended at record closing highs last week. good luck
Source: CNBC - 🏆 12. / 72 Read more »

Tesla, Apple, Alibaba, F5 Networks: What to Watch When the Stock Market Opens TodayInvestors are watching for results from Apple, Microsoft and Alphabet after the close; Chinese tech stocks took another hit. horrible
Source: WSJ - 🏆 98. / 63 Read more »