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Tesla beats analyst expectations through Bitcoin and stellar sales


Tesla zoomed past analyst expectations in its quarterly results thanks to record-breaking car sales and Bitcoin trading. The company posted its earnings last night that noted $10.4 billion in revenue for Q1 2020 — matching the analyst expectations. Despite the global chip shortage, Tesla delivered a record-breaking 184,877 cars in the quarter, beating the mark of 180,570 set in Q4 2020. This number was also much higher than the analyst expectation of  177,822 vehicle deliveries.  The firm also edged past Wall Street predictions of earnings per share (EPS) of $0.86 by registering $0.93 EPS in its balance sheet. While the company’s share prices…

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