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Tesla Motors, Inc. (NASDAQ:TSLA) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 7.50%.
Tesla Motors, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.65 in the quarter versus EPS of $-0.69 in the year-earlier quarter.
Revenue: Rose 677.81% to $306.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tesla Motors, Inc. reported adjusted EPS loss of $0.65 per share. By that measure, the company missed the mean analyst estimate of $-0.53. It beat the average revenue estimate of $298.4 million.
Quoting Management: “During the quarter, we delivered approximately 2,400 Model S vehicles. We delivered the remaining North American Signature Series cars and shipped exclusively cars with the 85 kWh battery pack. We also saw strong demand for options such as the Performance version and Tech Package. Finally, we sold most of our remaining Roadsters during the quarter,” CEO Elon Musk wrote in a letter to shareholders.
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