Tesla's Q2 profit dented by Shanghai shutdowns, still beats estimates

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A Tesla on display in China. The company's Shanghai factory rebounded from closures to its best-ever production levels. © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Tesla met or exceeded Wall Street expectations in its second-quarter earnings on Wednesday but posted its first quarter-to-quarter profit decline since late 2020 following extended shutdowns of its Shanghai factory.

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