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Tesla’s quarterly profit surpasses $1 billion

Tesla's quarterly profit surpasses $1 billion

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Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analysts expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading.

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