Electric vehicle company Tesla (NASDAQ: TSLA) posted a $104 million profit in the second quarter of 2020, riding a boom in regulatory credit revenue and a higher than expected number of vehicle sales despite manufacturing setbacks tied to the coronavirus shutdowns.
The company beat analyst revenue and earnings per share estimates, registering revenues of $6.04 billion compared to consensus estimates of $5.4 billion. Earnings per share clocked in at $0.50 compared to an expected loss per share of...