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Elon Musk’s Tesla shocks Wall Street with record sales — but shares still tumble

Elon
New York Post Fews App News Provider
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Tesla blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America. The strong figures suggest Tesla’s mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence — the main drivers of the company’s roughly $1. 6 trillion valuation.

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