Company News: Tesla (TSLA) posts bigger-than-expected quarterly loss

Market news

25 July 2019

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.

Company News: Ford Motor (F) quarterly earnings miss analysts’ forecast

Company News: Facebook (FB) quarterly results beat analysts’ expectations

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.