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The Guardian - US
The Guardian - US
Technology
Kari Paul

Tesla beats Wall Street expectations to produce record number of vehicles

Tesla Inc. Elon Musk Twitter Inc. Neuralink SpaceX
Tesla saw a solid start to the year after the company slashed costs for its popular vehicles.
Tesla saw a solid start to the year after the company slashed costs for its popular vehicles. Photograph: Joel Saget/AFP/Getty Images

Tesla narrowly beat Wall Street expectations in the second quarter of 2023, but shares began to fall in after hours trading following an earnings call that offered shareholders little reassurance surrounding Tesla’s promised Cybertruck release and other production concerns.

Revenue for the quarter topped $24.97bn compared with analyst predictions of $24.7bn.

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