Tesla quarterly profit beats estimates; sells most of its bitcoin

Published by
Reuters UK

By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla Inc on Wednesday reported a higher-than-expected quarterly profit as a string of price increases on its best-selling electric vehicles helped offset production challenges caused by COVID-19 lockdowns in China. “With each of the Fremont and Shanghai factories achieving their highest-ever production months and new factory growth, we are focused on a record-breaking second half of 2022,” Tesla said in a statement. Tesla reiterated its goal to achieve 50% average annual growth in vehicle deliveries over a multi-year horizon, but did not give guidan…

Read More