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Tesla delivered 480,126 vehicles in the second quarter, its highest-ever quarterly total, and generated record revenue of $28.24 billion, up 26% year-on-year. Operating income fell 57% to $398 million. Adjusted earnings of 33 cents per share missed the 51-cent consensus by a wide margin. Shares fell roughly 4% after hours. The gap between the top […]
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Tesla reports its second-quarter results on Wednesday, and the question hanging over the call is less whether it can still sell cars than how long it can keep spending faster than it earns. The company has just posted its best delivery quarter on record, yet Wall Street expects it to burn through roughly $3.25bn in free cash flow, a […]
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Tesla delivered 480,126 vehicles in the second quarter, beating Wall Street estimates with a 25% year-on-year increase. The stock dropped. That reaction tells you everything about where expectations sit ahead of Wednesday’s earnings report. A beat is now the baseline. If exceeding delivery targets does not trigger a rally, meeting or slightly beating bottom-line earnings […]
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