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.
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|
|Webcast: ||http://ir.tesla.com (live and replay)|
The webcast will be archived on the company’s website following the call.
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Source: Tesla, Inc.