The Biggest Winner Inside Tesla's Earnings Wasn't Tesla—It Was SpaceX
A non-cash gain on Tesla's SpaceX stake accounted for nearly 69% of the EV maker's GAAP profit, overshadowing its operating earnings in Q2.
Tesla made a lot of money on paper from owning part of SpaceX, which made Tesla's profits look bigger than they really were from selling cars. When you check how a company is truly doing, look at what it actually earned from its real business, not just lucky gains from things it owns.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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