Tesla Misses Market Expectations for Q2 Earnings... Revenue Down 12%
Electric vehicle manufacturer Tesla reported results that fell short of market expectations for the second consecutive quarter.
According to Tesla's earnings report released on July 23 (local time), revenue for the second quarter was $22.496 billion, down 12% from the same period last year. During the same period, earnings per share (EPS) also declined by 23% to $0.40.
Both revenue and EPS were below the Wall Street consensus compiled by financial data provider LSEG, which had forecast revenue of $22.74 billion and EPS of $0.43.
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Earlier this month, Tesla had reported that its second-quarter vehicle deliveries amounted to 384,122 units, a 13% decrease compared to the same period last year.
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