Tesla beats quarterly revenue estimates

Tesla Inc on Wednesday beat Wall Street estimates for fourth-quarter revenue after trouncing 2020 deliveries earlier this month on a steady rise in electric vehicle demand.

The carmaker, led by billionaire entrepreneur Elon Musk, said quarterly revenue rose to $10.74 billion from $7.38 billion a year earlier. Analysts had expected revenue of $10.4 billion, according to IBES data from Refinitiv.