News Snapshot:
Tesla Shares Rally Despite Slowdown In Profits, Impact From China Shutdown Topline Shares of Tesla jumped late on Wednesday after the company reported second-quarter results that largely beat Wall Street expectations, despite analyst concerns about production taking a hit from months of Covid lockdowns in China. Key Facts Tesla’s stock rose less than 1% in after-hours trading after the electric vehicle maker reported mixed earnings, which showed production in the second quarter taking a hit from supply chain disruptions and a factory shutdown in China. Tesla reported quarterly revenue of $16.9 billion—up 42% from a year ago but down from...
