Tesla Exceeds All Expectations


Tesla earnings are news because the company tends to pull the market with it, either up or down. This quarter they are up! Tesla stock is up 2% since reporting second-quarter earnings on Monday.

The company beat revenue expectations of $11.3 billion by earning $11.96 billion. Net income passed $1 billion for the first time. In Q2 last year, net income was $104 million so that is quite the annual jump!

Tesla reported $23 million in Bitcoin holdings as an operating expense under “Restructuring and other,” meaning they intend to do something different with it but they’re not clear on what. Hmm…?

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top