Tesla Q2 Earnings Miss Expectations... Down 3.5% in After-Hours Trading
Q2 EPS $0.52... Revenue $25.5 Billion
Tesla's earnings for the second quarter of this year fell short of market expectations.
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On the 23rd (local time), Tesla announced its second-quarter results after the market closed, reporting earnings per share (EPS) of $0.52 and revenue of $25.5 billion.
The EPS missed analysts' forecasts, while revenue exceeded expectations. Market research firm LSEG had projected Tesla to record an EPS of $0.62 and revenue of $24.77 billion for the second quarter.
Earlier, Tesla reported vehicle deliveries of 443,956 units in the second quarter, a 4.8% decrease compared to the same period last year. This figure surpassed expert estimates.
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Following the disappointing quarterly earnings announcement, Tesla's shares were down 3.53% in after-hours trading as of 4:14 PM Eastern Time.
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