Tesla Motors earns $26 million in the 2nd quarter — thanks to the government
Grist: Tesla Motors surprised Wall Street Wednesday afternoon, announcing second-quarter profits [PDF] of $26 million on $405 million in revenue. Since it reported its first modest profit in May, the electric-car company cofounded by billionaire entrepreneur Elon Musk already had seen its share price more than double, and you can expect it to soar even higher after the markets open. Many analysts, after all, were expecting Tesla to take a hit. But so far, the company’s profits have relied on government…
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