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Briefing

Tesla’s Profit Soars in Q2 on Sharply Higher Revenue

By
Martin Peers
· · Source: The Information

Tesla has been one of tech’s underperformers on Wall Street this year but that’s no reflection of its business. The automaker reported revenue that doubled in the second quarter, compared with a year earlier, to $11.958 billion. By keeping a lid on expenses, Tesla managed to sharply lift its operating margin and net income, which hit $1.1 billion, up from $104 million a year earlier. That...

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