Tesla stock rises after hours as adjusted earnings top estimates

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Tesla Inc. late Wednesday reported second-quarter earnings above Wall Street projections, defying expectations that COVID-related shutdowns in China would hurt its bottom line, thanks to vehicle price increases and selling of most of its Bitcoin.

Tesla TSLA said it earned $2.3 billion, or $1.95 a share, in the second quarter, compared with $1.1 billion, or $1.02 a share, in the second quarter of 2021. Adjusted for one-time items, the company earned $2.27 a share.

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This article was originally published by Marketwatch.com. Read the original article here.

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