Tesla Blasts Q2 Earnings Forecast, But Profit Margins Narrow; Dumps Nearly 1 Billion In Bitcoin

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The Street

By Martin Baccardax “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,” Tesla said. Tesla (TSLA) – Get Tesla Inc. Report posted stronger-than-expected first quarter earnings Wednesday, although its profit margins narrowed amid surging input costs, sending shares firmly higher in after-hours trading. Tesla said adjusted earnings for the three months ending in June were pegged at $2.27 per share, up 56.5% from the same period last year and firmly ahead of t…

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