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2nd consecutive quarterly profit for Tesla: Elon Musk’s stock market party

The share of the American electric car maker Tesla has been going through the roof for weeks. On Wednesday, Elon Musk’s second-quarter profit in a row exceeded the experts’ expectations. In addition, the company announced after the US exchange closed that it will deliver more than 500,000 vehicles this year.

The Tesla share rose six percent to $ 615 after the exchange. For the first time, it surpassed the $ 600 hurdle. The Tesla share has more than doubled since August.

Distributable net income was reported to be $ 105 million in the three months to the end of December, down 7 percent year-over-year. Without special items, Tesla earned $ 2.06 per share.

Analysts had expected an average of $ 1.72. Fourth quarter sales increased 7.8 percent to $ 7.38 billion and also exceeded expectations. (Nim / SDA)

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