Tesla Blasts Q2 Earnings Forecast, But Profit Margins Narrow

Updated at 4:41 pm EST

You’re here (TSLA) – Get Tesla Inc. Report posted stronger-than-expected first quarter earnings Wednesday, although its profit margins narrowed amid surging input costs, sending shares lower in after-hours trading.

Tesla said adjusted earnings for the three months ending in June were pegged at $2.27 per share, up 56.5% from the same period last year and firmly ahead of the Street consensus forecast of $1.86 per share.

Group revenues, Tesla said, rose 41% from last year to $16.94 billion, falling shy of analysts’ forecasts of a $17.2 billion tally and the record $18.76 billion notched over the first quarter.


Leave a Comment