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Tesla Exceeds Expectations in Blowout Quarter

January 30, 2020

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Tesla Inc. delivered a second straight quarter of blowout earnings and speedy execution, extending an unprecedented surge for its heavily shorted stock.

The record revenue Tesla reported Jan. 29 beat estimates and carried the company to its fourth profit in the past six quarters. CEO Elon Musk again accelerated the introduction of the new Model Y crossover, saying deliveries will start by March, months earlier than initially planned.

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