Company News: Tesla (TSLA) quarterly results beat analysts’ estimates

Market news

30 January 2020

Company News: Tesla (TSLA) quarterly results beat analysts’ estimates

Tesla (TSLA) reported Q4 FY 2019 earnings of $2.14 per share (versus $1.93 per share in Q4 FY 2018), beating analysts' consensus estimate of $0.61 per share.

The company's quarterly revenues amounted to $7.384 bln (+2.2% y/y), beating analysts' consensus estimate of $7.054 bln.

The company also projects that the vehicle deliveries should comfortably exceed 500,000 units in FY 2020 (versus analysts' consensus estimate of near 475,000) due to ramp of production of Model 3 in Shanghai and Model Y in Fremont.

TSLA rose to $641.04 (+10.34%) in pre-market trading.

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