We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tesla (TSLA) Misses Q2 Earnings and Revenue Estimates
Read MoreHide Full Article
Tesla Motors (TSLA - Free Report) just released its second-quarter earnings results, posting earnings of -$1.54 per share and revenue of $1.27 billion.
Currently, TSLA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Tesla Motors:
1. Missed earnings estimates. The company posted a loss of $1.54 per share (excluding 55 cents from non-recurring items), missing our Zacks Consensus Estimate of -$1.16.
2. Missed revenue estimates. The company saw revenue figures of $1.27 billion, falling short of our estimate of $1.516 billion.
3. “Q2 was certainly busy. We completed the design phase of Model 3, increased vehicle production by another 18% sequentially, rolled out the biggest aesthetic and functional update to Model S since its initial launch, introduced an upgradeable 60 kWh Model S, increased automotive gross margin excluding ZEV credits, and completed a $1.7 billion equity raise to end the quarter with $3.25 billion in cash,” said CEO Elon Musk in the report.
4. Tesla delivered a total of 14,402 new vehicles, including 9,764 Model S and 4,638 Model X, which was slightly more than it had previously announced, but well below prior forecasts of 17,000 deliveries.
5. TSLA was up 1.02% to $228.10 as of 4:33 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Tesla’s latest earnings performance:
Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Tesla (TSLA) Misses Q2 Earnings and Revenue Estimates
Tesla Motors (TSLA - Free Report) just released its second-quarter earnings results, posting earnings of -$1.54 per share and revenue of $1.27 billion.
Currently, TSLA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Tesla Motors:
1. Missed earnings estimates. The company posted a loss of $1.54 per share (excluding 55 cents from non-recurring items), missing our Zacks Consensus Estimate of -$1.16.
2. Missed revenue estimates. The company saw revenue figures of $1.27 billion, falling short of our estimate of $1.516 billion.
3. “Q2 was certainly busy. We completed the design phase of Model 3, increased vehicle production by another 18% sequentially, rolled out the biggest aesthetic and functional update to Model S since its initial launch, introduced an upgradeable 60 kWh Model S, increased automotive gross margin excluding ZEV credits, and completed a $1.7 billion equity raise to end the quarter with $3.25 billion in cash,” said CEO Elon Musk in the report.
4. Tesla delivered a total of 14,402 new vehicles, including 9,764 Model S and 4,638 Model X, which was slightly more than it had previously announced, but well below prior forecasts of 17,000 deliveries.
5. TSLA was up 1.02% to $228.10 as of 4:33 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Tesla’s latest earnings performance:
TESLA MOTORS Price, Consensus and EPS Surprise
TESLA MOTORS Price, Consensus and EPS Surprise | TESLA MOTORS Quote
Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>