Tesla sales surpass expectations for second quarter as Musk backlash seems to cool
by Reuters from on (#76R3K)
Strong figures suggest Tesla's auto business is regaining momentum after two straight annual sales declines
Tesla blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America.
The strong figures suggest Tesla's mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence - the main drivers of the company's roughly $1.6tn valuation.
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