Company News: Tesla (TSLA) quarterly earnings miss analysts’ forecast

Market news

28 January 2021

Company News: Tesla (TSLA) quarterly earnings miss analysts’ forecast

Tesla (TSLA) reported Q4 FY 2020 earnings of $0.80 per share, missing analysts’ consensus estimate of $1.03 per share.

The company’s quarterly revenues amounted to $10.700 bln (+44.9% y/y), beating analysts’ consensus estimate of $10.384 bln.

The company also said that over a multi-year horizon it expects to achieve 50% average annual growth in vehicle deliveries. In some years, Tesla’s deliveries may grow faster, which it expects to be the case in 2021.

TSLA fell to $822.41 (-4.83%) in pre-market trading.

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