PALO ALTO, U.S. -- Tesla reported better-than-expected second-quarter results on Wednesday, with record quarterly revenue after the American electric vehicle maker cut prices in several markets including China and the U.S., boosting demand against a tough macroeconomic environment.
For the three months ended June, Tesla recorded $24.9 billion in revenue, up 47% year over year, beating Wall Street analysts estimates. The company logged net income of $2.7 billion for the quarter, up 20%.
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