Y
Yoni Heisler
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Tesla posted its earnings for the June quarter today and, per usual, there's a lot to dissect. Revenue wise, the company generated $6.3 billion compared to $4 billion during the year-ago quarter. Analysts on Wall Street, meanwhile, were anticipating revenue to fall somewhere in the $6.4 billion range.
Earnings wise, Tesla posted EPS of $1.12. This compares to a loss of $3.06 per share during the same quarter last year. And while that is clearly a step in the right direction, analysts on Wall Street were anticipating a smaller loss in the range of $0.55 per share. So while Tesla didn't lose as much money as it did compared to last year, the extent of Tesla's quarterly loss sent the stock tumbling down nearly 10% in after hours trading.
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Tesla sold a record number of Model 3s last quarter as revenue hit $6.3 billion originally appeared on BGR.com on Wed, 24 Jul 2019 at 17:09:06 EDT. Please see our terms for use of feeds.
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