Summary
Tesla Misses
Tesla (TSLA) reported a 2nd Quarter June 2019 loss of $1.28 per share on revenue of $6.3 billion. The consensus estimate was a loss of $0.52 per share on revenue of $6.4 billion. The Earnings Whisper number was for a loss of $0.44 per share. Revenue grew 58.7% on a year-over-year basis.
The company said in its shareholders letter it continues to expect positive GAAP earnings in the third quarter. The current consensus estimate is earnings of $0.27 per share for the quarter ending September 30, 2019.
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.
Results
Reported Earnings
($1.28)
Earnings Whisper
($0.44)
Consensus Estimate
($0.52)
Reported Revenue
$6.35 Bil
Revenue Estimate
$6.38 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Tesla Releases Second Quarter 2019 Financial Results
PALO ALTO, Calif., July 24, 2019 (GLOBE NEWSWIRE) -- Tesla has released its financial results for the second quarter of 2019 by posting the current Update Letter on its Investor Relations website. Please visit http://ir.tesla.com to view the letter.
As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) to discuss the results and outlook.
| What: | Tesla Second Quarter 2019 Financial Results Q&A Webcast |
| When: | Wednesday, July 24, 2019 |
| Time: | 3:30 p.m. Pacific Time / 6:30 p.m. Eastern Time |
| Shareholder Letter: | http://ir.tesla.com |
| Webcast: | http://ir.tesla.com (live and replay) |
The webcast will be archived on the company’s website following the call.
Investor Relations Contact:ir@tesla.comPress Contact:press@tesla.com
Source: Tesla, Inc.
