Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

former9thward

(32,082 posts)
Thu Jul 21, 2022, 12:03 PM Jul 2022

Tesla reports 2nd quarter profit above expectations.

In the 2nd quarter Tesla made $2.3 billion in profit, which beat the $1.9 billion that Wall Street was expecting. It was more than double what Tesla made last year in the 2nd quarter ($1.1 billion). Customers, on average, paid more for Tesla's cars during the period, helping the company generate $16.9 billion in 2nd quarter revenue. Tesla stock is up over 7% today.

https://seekingalpha.com/news/3859116-tesla-stock-gains-as-analysts-applaud-earnings-results

Latest Discussions»General Discussion»Tesla reports 2nd quarter...