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Tesla announces record sales, shipments, earnings…stock crashes

Tesla just delivered its shareholder letter where it announced quarterly sales of over 11,000 vehicles. Some highlights:
• Record quarterly deliveries of 11,532 vehicles
• Produced a record 12,807 vehicles, exceeding plan while improving efficiency
• Introduced new Model S variants that improve range, performance and value
• Model X remains on track for start of deliveries in late Q3
• Tesla Energy deliveries set to ramp in Q4

Other highlights:

  • Model 3 is due late 2017 but the design will be revealed i nthe 1st quarter of 2016 (that’s soon!)
  • Q2 Revenues, $1.2B vs $1.17B expected

 

That didn’t stop the stock from sliding in after hours trading down over 8% on the news. The reason? Tesla Motors $TSLA Q2 Non-GAAP Earnings Per Share (EPS), ($0.48) vs ($0.59) expected.

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Comments

  1. Andrew - 9 years ago

    I feel like if you don’t know how financial markets move, you shouldn’t make snide comments like “The reason? Tesla Motors $TSLA Q2 Non-GAAP Earnings Per Share (EPS), ($0.48) vs ($0.59) expected.” That’s not the reason it’s down, and saying things like that comes off ignorant.

  2. Andrew - 9 years ago

    ok, don’t post my comment so you can hide it.

Author

Avatar for Seth Weintraub Seth Weintraub

Publisher and Editorial Director of the 9to5/Electrek sites. Tesla Model 3, X and Chevy Bolt owner…5 ebikes and counting