Tesla Revenue Surges Amid Higher Vehicle Deliveries

Tesla reported a better-than-expected revenue rise for the April-June quarter, driven by increased electric vehicle deliveries due to price cuts and incentives. The company posted $25.50 billion in revenue, surpassing analysts' average estimate of $24.77 billion.

Tesla's revenue saw a surprise rise in the April-June period as it handed over more electric vehicles than analysts had expected helped by price cuts and incentives.

The company on Tuesday reported revenue of $25.50 billion for the three months ended June, compared with $24.93 billion a year earlier. Analysts on average had estimated $24.77 billion, according to LSEG data.

(With inputs from agencies.)