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Tesla's 'Goldilocks' Quarter: 'Chess,' Not Checkers In Electric Vehicles Competition

Benzinga ·  Jul 19, 2023 19:56

Tesla Inc.(NASDAQ:TSLA) reported its second-quarter financial results on July 19 and the reactions by financial gurus on Twitter came quickly and showed that the company is still a master of the EV game.

What Happened: Tesla reported its earnings today with its second-quarter revenue reaching $24.93 billion, representing a 47% increase compared to the previous year and beating the Street consensus estimate of $24.48 billion.

The company also highlighted the highly anticipated Cybertruck, which remained on track for initial deliveries this year. Tesla mentioned testing the vehicles globally for certification and validation. The 4680 Cell's production had notable progress on...

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