HAPPY NEWS [Cool]
Tesla (TSLA) reported its Q2 earnings after the closing bell on Tuesday, meeting analysts’ estimates, following a prolonged COVID-induced shutdown at its Shanghai production facility.
The company also says it sold 75% of its Bitcoin, turning it into fiat currency, adding $936 million in cash to its balance sheet. The quarter, however, ended Tesla's streak of reporting record revenue.
Here are the most important numbers from the report compared to Wall Street’s expectations, as compiled by Bloomberg.
Revenue: $16.9 billion vs $16.88 billion expected
Adjusted EPS: $2.27 vs $1.83 expected
Tesla shares were up more than 3% following the report.
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