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Tesla Inc. reported earnings showing a 40% decline in earnings per share (EPS) and a 39% drop in profits. The company's revenue fell by 20%, and net income plunged 71%, missing both revenue and EPS estimates. Despite these disappointing financial results, Tesla's stock surged in after-hours trading, rising by approximately 5%. The stock increase occurred following the earnings call, reflecting investor reaction to the company's latest financial performance.
