Company News: Tesla (TSLA) posts mixed Q2 results

Market news

2 August 2018

Company News: Tesla (TSLA) posts mixed Q2 results

Tesla (TSLA) reported Q2 FY 2018 losses of $3.06 per share (versus -$1.33 in Q2 FY 2017), worse than analysts' consensus estimate of -$2.82.

The company's quarterly revenues amounted to $4.002 bln (+43.5% y/y), beating analysts' consensus estimate of $3.935 bln.

The company also reaffirmed it still expects to achieve GAAP profitability and positive free cash flow in Q3 and Q4.

TSLA rose to $324.19 (+7.76%) in pre-market trading.

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