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Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown – Vigour Times

News Snapshot:

0 Share (adsbygoogle = window.adsbygoogle || []).push({}); Tesla Inc. TSLA 0.80% reported its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai assembly plant. The electric-car maker on Wednesday reported second-quarter revenue of $16.9 billion, down from $18.8 billion in the first quarter. Analysts had expected Tesla to report around $16.5 billion in sales. (adsbygoogle = window.adsbygoogle || []).push({}); The world’s most valuable car company posted $2.3 billion in second-quarter profit, ahead of the $1.9 billion Wall Street was expecting and below its record quarterly profit of $3.3…

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