Tesla quarterly revenue beats estimates [Reuters (UK)]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Reuters
Tesla posts third straight quarterly profit, shares rise - Reuters 2 Min Read (Reuters) - Tesla Inc ( TSLA.O ) on Wednesday beat analysts’ estimates for first-quarter revenue and posted its third straight quarterly profit, as the electric carmaker recorded a solid number of deliveries during the period despite disruptions due to the coronavirus outbreak. Shares of the company were up nearly 2% at $813.77 in extended trade. The coronavirus pandemic has disrupted demand for cars, with automakers being forced to shut shop and furlough workers, fueling uncertainty over when supply chains will return back to normal once lockdowns are eased. “Due to the wide range of potential outcomes, near-term guidance of net income and free cash flow would likely be inaccurate. We will again revisit our 2020 guidance in our Q2 update,” Tesla said in a statement. The electric carmaker also expects production of its Model Y in Fremont, Calif. and Model 3 in Shanghai will continue to ramp gradually throu
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