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.
BGR Top Deals:
- Amazon is blowing out unlocked iPhone 6, 6s Plus, and 7 refurbs starting at $121
- Play every NES, SNES, and Genesis game ever made on this $51 retro console
Trending Right Now:
- ‘Stranger Things’ season 4 could run into a problem with Winona Ryder
- After its biggest price hike ever, Netflix just launched a $3 streaming plan for a select few people
- National Tequila Day 2019: Where to get $1 tequila shots and more deals today
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.
Read more here:: Boy Genius Report