Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Surbhi Jain

The Biggest Winner Inside Tesla's Earnings Wasn't Tesla—It Was SpaceX

SpaceX Space Exploration Technologies Corp SPCX Tesla Inc.
Kaunas,,Lithuania,2022,-,April,14:,Tesla,Logo,On,Screen

Tesla Inc. (NASDAQ:TSLA) reported stronger second-quarter earnings on Wednesday, but one of the biggest contributors to its profit wasn’t higher vehicle sales, energy storage or services. It was Space Exploration Technologies Corp. (NASDAQ:SPCX).

Buried in Tesla’s earnings report’s cash flow statement is a $1.005 billion pretax unrealized gain on its SpaceX investment, equal to $763 million after tax.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Lincoln’s 1864 signed photograph, found in an old desk, sells for $149,020
Some historical treasures spend decades behind glass, carefully catalogued and admired. Others wait quietly in forgotten corners of family homes, their significance hidden until an unexpected discovery brings the past back to life. A signed photograph of Abraham Lincoln followed the latter path, surviving for generations in a Massachusetts family…
The Times of India
The Times of India
Donald Trump's Golf Invitation Gets Brutal Rejection From Iron Maiden's Nicko McBrain Who Says His 'Cronies' Belong in Jail
Iron Maiden drummer Nicko McBrain says he rejected an invitation to play golf with Donald Trump and criticised the president and his administration in a new interview.
International Business Times UK
International Business Times UK
What’s Actually Made Fresh at the Grocery Store Bakery? The Answer May Surprise You
The smell of warm bread and cookies can make the grocery store bakery one of the hardest sections to walk past without buying something. Rows of golden rolls, frosted cupcakes, and fresh-looking pastries create the impression that bakers prepared everything that morning. Sometimes, that is true, but many supermarket bakeries…
Grocery Coupon Guide
Grocery Coupon Guide
Cyndi Lauper defends working with Nicki Minaj despite rapper’s support for Trump
Rapper has become one of the president’s most famous supporters
The Independent UK
The Independent UK
Doctors Were the Butt of 40% of Facebook Doctor Jokes, but the Most-Liked One Skewered a Lawyer
Researchers combed 30,075 Facebook posts for doctor jokes. Physicians were the usual target, but the most-liked punchline hit a lawyer.
Medical Daily
Medical Daily
Fridge or not? What’s the best way to store bread?
Our experts have some airtight advice to stop your loaf from going stale
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play