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Tesla shares soar as results speed past expectations

2013-08-09 12:16:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Tesla saw its share price climb 18 per cent yesterday as the electric car manufacturer released second quarter results that comfortably beat analyst expectations. The company saw revenues soar to $387.9m during the second quarter, a drastic improvement on the $26.7m recorded during the same period last year, while deliveries of the company's Model S electric sedan reached 5,150 over the three months, comfortably beating Tesla's 4,500 unit target. Chief executive Elon Musk said that with the...

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