Wall Street keeps betting that Tesla and Elon Musk can keep defying financial gravity. Its latest results will stoke that confidence for now. First-quarter earnings from the electric auto maker released Wednesday afternoon did contain clear positives. Sales of just under $6 billion and total vehicle deliveries of just under 89,000 topped analyst expectations, and Tesla was able to eke out a $16 million net profit, thanks to a record $354 million in regulatory credit sales. Its automotive sales drop of 19% from the fourth quarter...

Source: Wall Street Journal April 30, 2020 11:03 UTC