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Tesla’s stock is spiking after it crushed Q2 earnings estimates

Tesla’s stock is spiking after it crushed Q2 earnings estimates
[Photo: Flickr user Steve Jurvetson]

Tesla shares are up over 4% in after-hours trading today, thanks to stellar earnings for the second quarter of 2017. The electric carmaker pulled in revenue of $2.78 billion, high above estimates of $2.55 billion. Earnings were similarly rosy. Tesla took a loss of $1.33 per share, but estimates foreshadowed a loss of $1.80 per share. The better-than-expected earnings show Tesla is tidying up its losses, which have gone down over the last two quarters.

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