On Wednesday, Tesla Motors, the U.S.-based electric automaker partially backed by Toyota and Daimler, announced second-quarter revenue of $58 million, marking the firm's highest reported revenue in a single quarter to date. In a conference call with analysts, a geeked Elon Musk, Tesla's chief executive officer, stated:
Despite Tesla's significant second-quarter loss, Andrea James, analyst with Dougherty and Company, remains bullish in regards to Tesla's future:
Which brings us to what investors call revenue versus loss. Alongside the record revenues, Tesla posted a second-quarter loss of $58.9 million, a drop of roughly 53 cents a share. According to Mercury News, since Wall Street analysts predicted Tesla to lose only 51 cents a share, the automaker's stock plummeted after closing Wednesday at $27.20. Stock prices are currently at $24.71. The electric automaker chalked up the increased loss to massive investments for the upcoming Model S and Model X.This was the best quarter in Tesla's history. It was just phenomenal across the board.
Despite Tesla's significant second-quarter loss, Andrea James, analyst with Dougherty and Company, remains bullish in regards to Tesla's future:
Here's to Tesla's electrified future.This is not a typical company, where you look at earnings quarter to quarter, or even from last year. It's a company that's building and growing, and we really look ahead to what Tesla will do in 2012 and 2013.
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