(Reuters) – Tesla Inc posted fourth-quarter revenue above analysts’ estimates on Wednesday as the electric carmaker beat Wall Street estimates for vehicle deliveries.

Revenue rose to $7.38 billion from $7.23 billion a year earlier. Analysts had expected revenue of $7.02 billion, according to IBES data from Refinitiv. (bit.ly/2GvolcO)

Reporting by Akanksha Rana in Bengaluru and Tina Bellon in New York; Editing by Sriraj Kalluvila

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Exclusive: Japan to boost special financing for coronavirus firms to $16 billion

TOKYO (Reuters) – Japan will boost its special financing for small and mid-size firms hit by the coronavirus to 1.6 trillion yen ($15.6 billion), according to a government document seen by Reuters on Monday. The financing, which the government is…

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

NEW YORK (Reuters) – Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level…

Relief rally or bear market bubble? For investors, it’s hard to tell

(Reuters) – What started as a bear market bounce in U.S. equities has transformed into one of the most dramatic rallies in memory, leaving investors looking to past rebounds, options markets and technical analysis for clues on how far it…

‘SNL’ returns with Brad Pitt as Dr. Anthony Fauci

New York (CNN Business)Dr. Anthony Fauci jokingly said that if any actor was going to portray him on “Saturday Night Live,” he’d want Brad Pitt. On Saturday night, Fauci got his wish. In a surprise appearance, Pitt played Fauci at…