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- Company News: Tesla Motors Inc (TSLA) reported weaker than expected fourth quarter profits
Company News: Tesla Motors Inc (TSLA) reported weaker than expected fourth quarter profits
Tesla Motors Inc (TSLA) earned $0.13 per share in the fourth quarter, missing analysts' estimate of $0.32. Revenue in the fourth quarter increased 43.9% year-over-year to $1.10 billion, but missing analysts' estimate of $1.23 billion.
The company announced that it delivered 9,834 cars in the fourth quarter, missing analysts' estimate of 11,000 cars and the company's estimate of 11,200 cars. The company expects to deliver 55,000 cars in 2015 (analysts' estimate: 50,000 - 60,000 cars)
Tesla Motors Inc (TSLA) shares decreased to $196.85 (-7.50%) prior to the opening bell.
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