Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call

Tesla reported $1.05 in adjusted EPS, ahead of expectations of 99 cents, on revenues of $21.45 billion, lighter than the $21.96 billion expected. Net income (GAAP) reached $3.33 billion, more than double from a year ago, while automotive revenue rose 55% from the previous year’s quarter.

The company warned about a bottleneck in transportation capacity for delivering new cars in the final weeks of the quarter, and said it was “transitioning to a smoother delivery pace.”

(US.TWTR)