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Tesla Beats on Top and Bottom, but Lowers Guidance

Tesla reported second-quarter results on Wednesday that beat Wall Street expectations, but it lowered its deliveries guidance for the year.

The company said it saw a quarterly loss of 48 cents per share on $1.2 billion in adjusted revenue. Analysts expected Tesla to report a loss of 60 cents per share on $1.18 billion in revenue, according to a consensus estimate from Thomson Reuters.

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This article originally appeared on Recode.net.