Profit more than tripled to US$1.45 (RM6.13) a share on an adjusted basis, swelling as vehicle sales rebounded from pandemic shutdowns last year, the Palo Alto, California-based automaker said. That beat the US$0.97 (RM4.10) average of analysts’ estimates and marked the eighth straight quarter of profit for Tesla.(File pic shows a Tesla 3 electric car.)
CALIFORNIA: Tesla Inc reported better-than-expected second-quarter earnings, as strong sales of its electric vehicles (EVs) fattened margins and delivered US$1bil (RM4.22bil) in net income, a milestone for the 18-year-old company.
Profit more than tripled to US$1.45 (RM6.13) a share on an adjusted basis, swelling as vehicle sales rebounded from pandemic shutdowns last year, the Palo Alto, California-based automaker said. That beat the US$0.97 (RM4.10) average of analysts’ estimates and marked the eighth straight quarter of profit for Tesla.
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