Tesla Inc (NASDAQ: TSLA) reported its second-quarter earnings after the closing bell on Wednesday, beating analysts’ top and bottom line estimates.
Here are key figures from the report compared with Wall Street’s predictions.
Revenue: $16.9 billion vs estimated $16.88 billion
Adjusted EPS: $2.27 vs estimated $1.83
Tesla shares: spiked (and fell) more than 4.45% following the report.
“Though we faced certain challenges, including limited production and shutdowns in Shanghai for the majority of the quarter, we achieved an operating margin among the highest in the industry of 14.6%, positive free cash flow of $621M, and ended the quarter with the highest vehicle production month in our history,” the company said in a statement.
What’s more, Tesla sold a staggering 75% of its Bitcoin (CRYPTO: BTC) holdings, …
Full story available on Benzinga.com