Skip to main content

Tesla (TSLA) releases Q2 results: delivers bigger loss than expected but sitting on $5 billion

After market close today (a while after), Tesla released its financial results and shareholders letter for the second quarter of 2019.

We are updating this post with all the details from the financial results and shareholders letter.

As we reported in our Q2 earnings preview post, Wall Street was expecting revenue of about $6.375 billion for the quarter and a loss of $0.54 per share.

Tesla announced that it made $6,349 billion in revenue and a loss of $1.12 per share (Non-GAAP) – on expectation for revenue and below expectation for earnings.

However, it’s a big improvement over Tesla’s previous quarter results of $4.5 billion in revenue and a loss of $4.10 per share.

While the loss is bigger than expected, Tesla confirmed that it is still sitting on cash and cash equivalent worth about $5 billion – “the highest level in Tesla’s history.”

That’s through generating $614 million of free cash flow (operating cash flow less capex) and Tesla’s major capital raise that closed this quarter.

But the market is focusing on the bigger than anticipated loss and Tesla’s stock (TSLA) is trading as much as 10% down in aftermarket trading.

Tesla is maintaining its future guidance for the year and expect to be slightly profitable during the current quarter.

Here we will be posting our follow-up posts about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):

Here’s Tesla’s Q2 2019 shareholder letter in full:

[scribd id=419652926 key=key-XxaUwRycSqD1ZS6ljl0D mode=scroll]

FTC: We use income earning auto affiliate links. More.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.



Avatar for Fred Lambert Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email:

Through, you can check out Fred’s portfolio and get monthly green stock investment ideas.