PALO ALTO, U.S. -- Tesla shattered Wall Street's expectations yet again on Wednesday, reporting a fourth straight quarter of profit driven by its success in China even as the coronavirus pandemic slows the global economy.
For the three months ended June 30, Tesla recorded $6.04 billion in total revenue, down 5% year over year, but beating the $5.2 billion consensus from Wall Street analysts. The company also reported a $104 million in net income, achieving its first yearlong streak of profitability.
