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StockWatch: Tesla Reports Record Revenues!

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Tesla has posted record revenue and profits in Q3 once again. The company reported $1.62bn in net income, the second time it has surpassed $1 billion.

The improved gross margins of 30.5% on its automotive business drove the record results.

IBM shares fell as much as 5% in extended trading after the company issued third-quarter results, including lower revenue than analysts had expected.

What a roll-reversal for the earnings season!

Timestamps:

  • TSLA 01:40
  • IBM 03:15

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