Advertisement
Singapore markets open in 8 hours 28 minutes

  • Straits Times Index

    3,264.53
    -35.51 (-1.08%)
     

  • S&P 500

    5,182.38
    -5.32 (-0.10%)
     

  • Dow

    38,952.79
    +68.53 (+0.18%)
     

  • Nasdaq

    16,291.05
    -41.51 (-0.25%)
     

  • Bitcoin USD

    62,273.73
    -1,407.47 (-2.21%)
     

  • CMC Crypto 200

    1,322.57
    +27.90 (+2.16%)
     

  • FTSE 100

    8,354.05
    +40.38 (+0.49%)
     

  • Gold

    2,326.40
    +2.20 (+0.09%)
     

  • Crude Oil

    78.85
    +0.47 (+0.60%)
     

  • 10-Yr Bond

    4.4820
    +0.0190 (+0.43%)
     

  • Nikkei

    38,202.37
    -632.73 (-1.63%)
     

  • Hang Seng

    18,313.86
    -165.51 (-0.90%)
     

  • FTSE Bursa Malaysia

    1,604.75
    -0.93 (-0.06%)
     

  • Jakarta Composite Index

    7,088.79
    -34.82 (-0.49%)
     

  • PSE Index

    6,659.18
    +40.60 (+0.61%)
     

Tesla beats quarterly revenue estimates

Reuters
·1-min read

(Reuters) - Electric carmaker Tesla Inc on Monday beat Wall Street expectations for second-quarter revenue on the back of record deliveries, despite the impact from a prolonged global shortage of chips and raw materials.

The carmaker, led by billionaire entrepreneur Elon Musk, said revenue rose to $11.96 billion from $6.04 billion a year earlier, when its U.S. factory was shut down for more than six weeks due to local lockdown orders aimed at curbing the spread of the coronavirus.

Analysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.

(Reporting by Akanksha Rana in Bengaluru and Hyunjoo Jin in Berkeley, Calif; Editing by Maju Samuel)