Expectations had been high following Tesla’s report that it had delivered slightly more than 90,000 vehicles in the second quarter
Tesla reported a profit for the fourth straight quarter on Wednesday, surpassing a key milestone for the perennially loss-making electric car company.
The company reported net income of $110m for the second quarter with a net profit of $104m, which it attributed to “fundamental operational improvement”. Revenue was down 4.9% from a year ago to $6.04bn for the quarter, but still beat estimates of $5.15bn.
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