Elon Musk discusses the Twitter takeover and a potential recession during the Tesla earnings call.

Tesla announced adjusted earnings per share of $1.05, exceeding the consensus estimate of 99 cents.

On revenues of $21.45 billion, which were lower than the $21.96 billion anticipated.

Revenue from the automotive industry increased by 55% over the same quarter last year.

Net income (GAAP) more than doubled from $1.33 billion to $3.33 billion.

The business stated it was "transitioning to a smoother delivery speed"

Company cautioned about a transportation capacity constraint for new car deliveries in the last few weeks of the quarter.