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- Company News: Tesla (TSLA) posts bigger-than-expected quarterly loss
Company News: Tesla (TSLA) posts bigger-than-expected quarterly loss
Tesla (TSLA) reported Q2 FY 2019 loss of $1.12 per share (versus -$3.06 in Q2 FY 2018), worse than analysts’ consensus estimate of -$0.36.
The company’s quarterly revenues amounted to $6.350 bln (+58.7% y/y), missing analysts’ consensus estimate of $6.441 bln.
The company also said it continued to aim for positive GAAP net income in Q3 and the following quarters.
TSLA fell to $233.20 (-11.96%) in pre-market trading.
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