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Tesla Motors Stuns Wall Street ... Again

The electric-car maker can't seem to make enough of its high-end Model S sedans
Tesla’s Model S on the road
Tesla’s Model S on the roadCourtesy Tesla Motors, Inc.

Update, 7 p.m.: Adds details from Tesla’s earnings conference call.

Anyone hoping to ratchet the Tesla Motors hype down a notch will want to ignore the company’s second-quarter results delivered on Wednesday afternoon. Tesla turned a profit, much to the surprise of Wall Street analysts, and said it shipped a record number of its Model S luxury sedans that have become all the rage with the wealthy, eco-conscious set. The results pushed Tesla shares further into the stratosphere and boosted its market cap beyond that of Suzuki Motor, Mitsubishi Motors and Isuzu Motors.