Tesla profits jump despite production disruptions

Tesla withstood disruption to production in China and the high costs of scaling up new plants in Texas and Germany to report a 57 per cent jump in adjusted earnings per share in its latest quarter.

The company’s second-quarter results brought a degree of relief after the electric carmaker had warned of production and supply strain stresses. Revenue, at $16.9bn, was up 42 per cent from the year before, though the figure fell slightly…