Tesla (TSLA) stock was up over 10% Thursday afternoon, as the electric vehicle maker reported a better quarter than feared, given production challenges in China, component shortages, and the resources it’s using to gear up production at new factories in Austin and Berlin.
In Tesla’s shareholder letter, the company noted that its installed annual capacity, or theoretical max production, increased by nearly two-fold. Tesla’s Fremont production capacity expanded to 650,000 vehicles from…
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