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Tesla Earnings, Profit Margins Beat Street Forecasts Amid Price War

Tesla posted better-than-expected second quarter earnings Wednesday, while holding profit margins higher than Wall Street forecasts, even as the carmaker’s price cuts continued to pare its overall bottom line.

Tesla said adjusted earnings for the three months ending in June were pegged at 91 cents per share, up 19.7% from the same period last year and topping the Street consensus forecast of 82 cents per share.