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Tesla reported Q2 earnings late Wednesday that beat the analyst consensus.
Q2 adjusted EPS arrived at $0.91 for the carmaker.
Elon Musk’s company reported revenue of $24.93 billion.
Revenue rose 47% from the same quarter a year ago.
Tesla (TSLA) stock rose 0.7% afterhours to $293.33 on Wednesday evening as the electric vehicle industry’s first-mover beat Wall Street expectations on the top and bottom lines for the second quarter.
Tesla reported $0.91 in adjusted earnings per share (EPS), while revenue arrived at $24.93 billion. The earnings figure beat analyst consensus by 9 cents, and revenue bested the average forecast by about $200 million.
Free cash flow rose from $441 million in Q1 to circa $1 billion in the second quarter. Capital expenditures of $2.06 billion were largely in line with the first quarter.
In early July, the Elon Musk-run company already released data showing 466,140 deliveries in the second quarter, a 10% gain on the first quarter. While deliveries rose 83% YoY in Q2, revenue rose just 47% due to tighter margins.
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