Wall Street analysts on Tesla’s earnings



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Elon Musk, founder of SpaceX and CEO of Tesla Inc., arrives at the Axel Springer Prize ceremony in Berlin, Germany on Tuesday, December 1, 2020.

Johannessen-Koppitz | Bloomberg | Getty Images

Telsa’s second quarter saw the company surpass $ 1 billion in net income for the first time and beat earnings estimates, but Wall Street’s top analysts had a lukewarm reaction to the report.

The automaker on Monday afternoon reported net income of $ 1.14 billion for the period, its most profitable quarter on record. This equates to $ 1.45 in adjusted earnings per share on $ 11.96 billion in revenue. Analysts polled by Refinitiv were looking for 98 cents of earnings per share on $ 11.30 billion in revenue.

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