- July 27, 2021
- Posted by: Stratford Team
- Category: Business
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Tesla’s sales of regulatory credits fell, but operating profits increased.
John Thys/AFP via Getty Images
The electric-vehicle company
Tesla
reported its best quarterly results ever Monday evening, but investors and analysts are greeting the news with measured optimism—a sign that Tesla is maturing as a company.
Tesla (ticker: TSLA) reported $1.45 in adjusted per-share earnings for the second quarter, far higher than the roughly 95 cents analysts were looking for. Sales from regulatory credits—a source of revenue seen as less sustainable than sales of vehicles—-fell, but operating profits rose to record highs because of strong profitability in the automotive division.
Tesla generates the credits by making more than its…
