Tesla Inc. reported better-than-expected second-quarter earnings, buoyed by strong demand for its electric vehicles as it suggested that deliveries this year may exceed its longer-term projections for 50% growth.
The results mark the eighth straight quarter of profit for the 18-year-old company, which now employs about 80,000 people. The company earned $1.1 billion in the April-through-June period, the first time its quarterly profit has surpassed $1 billion. Tesla is expanding on three continents, including constructing new factories in Austin, Texas, and Berlin. The company confirmed a forecast for 50% growth in deliveries “over a multiyear horizon,” but added, “in some years we may grow faster, which we expect to be the case in 2021.”
horrible
elon musk is catering to investors AND gen z .. a scary combination
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