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Takeaways from Tesla's first quarter 2020 earnings report

Tesla shares spiked upon news that it earned a $1.24-per-share profit.

BUFFALO, N.Y. — Tesla Inc. issued its much-anticipated first-quarter earnings Wednesday, including a written overview and extensive question-and-answer session with analysts and investors.

These occasions are dominated by questions about Tesla’s electric vehicle business and the technology associated with it, and its lithium ion battery storage segment. Indeed, Tesla executives spent much of the call talking about their commitment to investing into the company and expanding its global manufacturing footprint. Tesla shares spiked upon news that it earned a $1.24-per-share profit. 

But it’s also a four-times-a-year chance for stakeholders in Buffalo to get an update on Tesla’s factory along South Park Avenue, where it manufactures its signature electricity-generating product, the Solarglass shingle.  You can read more on Buffalo Business First's website

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