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Tesla posts record earnings
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Tesla posts record earnings

Tesla posts record quarterly results. Tesla reported $1.62B in Q3 revenue.

Where: United States

The Facts

Record electric vehicle sales propelled Tesla Inc. to their biggest quarterly net earnings of $1.62 Billion.

On Wednesday, the company stated that it beat the old record of $1.14 billion set in the second quarter of this year.

The reported profit was nearly five times larger than the $331 million reported in the same quarter last year.

Tesla made $1.86 per share (excluding special items), beating analyst estimates of $1.62 per share.

Tesla CEO, Elon Musk, announced he is moving the company’s headquarters to Austin, TX.

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