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Briefing

Tesla Posts Record $3.3 Billion Profit as Revenues Surge

By
Amir Efrati
· · Source: The Information

Tesla’s hot streak continued in the first quarter of the year, with revenues rising by 81% to $18.8 billion and profit growing to $3.3 billion. The results could help CEO Elon Musk’s $43 billion unsolicited bid for social media app Twitter as some of the funding for a deal could involve borrowing against his Tesla stock. Impressively, the electric vehicle maker’s revenue growth rate in the...

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