Tesla Misses on Bottom Line but Forecasts Profits in Second Half

FAN Editor

This article was originally published on ETFTrends.com.

Tesla (TSLA) released its quarterly results on Wednesday, with a loss wider than what analysts expected. For losses, Tesla reported -$3.06 per share, higher than the forecast of -$2.92 by Thomson Reuters. On the top line, Tesla had $4.00 billion in revenue, beating estimates of $3.96 billion. Tesla shares rose roughly 9 percent to $329.30 […]

Continue Reading Below

Read more at ETFTrends.com >

Free America Network Articles

Leave a Reply

Next Post

Sonos cuts price of IPO, valuing smart speaker company at about $1.5 billion

Sonos, the maker of smart speakers for the home, cut the price of its initial public offering on Wednesday. The company priced its IPO at $15 a share, below the expected range of $17 to $19. At the offer price, Sonos is valued at just under $1.5 billion. In April, […]