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Stock impact report

Tesla Soars After First-Ever Quarterly Profit to Start Year [Yahoo! Finance News]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
) -- Tesla Inc. shares surged after the carmaker reported its first-ever quarterly profit to begin a year, but it burned through cash again and backed away from guidance for how the rest of the year will shake out.Adjusted net income of $227 million, or $1.24 a share, and revenue of almost $6 billion beat analysts’ average estimates. Tesla’s stock -- already the biggest gainer on the 100 Stock Index this year -- soared as much as 11% after the close of regular trading.The advance Elon Musk has engineered by producing and delivering more cars than expected early this year has positioned the chief executive officer to receive the first set of stock options from a pay package that set moonshot goals two years ago. Investors are overlooking uncertainty about how soon the company will be able to resume production at its sole U.S. vehicle-assembly plant in California, where authorities have extended a stay-home order to the end of May.“It is difficult to predict how quickly vehicle manufac Show less Read more
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