Company News: Tesla (TSLA) Q1 loss beats analysts’ estimate

Market news

4 May 2017

Company News: Tesla (TSLA) Q1 loss beats analysts’ estimate

Tesla (TSLA) reported Q1 FY 2017 loss of $1.33 per share (versus -$0.57 in Q1 FY 2016), missing analysts' consensus estimate of -$0.78.

The company's quarterly revenues amounted to $2.696 bln (+135.1% y/y), beating analysts' consensus estimate of $2.610 bln.

The company also noted its H1 FY2017 outlook remained unchanged at 47,000 to 50,000 deliveries.

TSLA fell to $305.50 (-1.77%) in pre-market trading.

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