Breaking: Tesla turns a surprise profit despite coronavirus factory shutdowns
Here are the important figures: $5.99 billion versus an expected $5.8 billion
Tesla's stock price spiked as much as 7% in late trading following the release. Shares of the company were down about 13% from their recent highs at Wednesday's close, mirroring a similar selloff in wider equity indexes. The company previously released its first-quarter production and delivery figures at the beginning of the month that largely topped analyst expectations, despite factory shut downs affected the latter half of the quarter.
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