After market close today, Tesla released its financial results and shareholders letter for the first quarter 2018. As we reported in our preview post, Wall Street was expecting revenue of about $3.142 billion for the quarter and a loss of about $3.26 per share due to large capital expenditure caused by the slow start of Model 3 production.
The company delivered higher on revenue with a new record ~$3.4 billion and still had wide losses of $4.19 per share (GAAP) ($3.35 per share non-GAAP). We are updating this post with more details from the financial results and shareholders letter. expand full story