Tesla Motors Earnings Cheat Sheet: Quarterly Loss, but Tops Estimates

Hampered by higher costs, Tesla Motors (NASDAQ:TSLA) booked a net loss in the second quarter. Tesla Motors, Incorporated designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.

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Tesla Motors Earnings Cheat Sheet for the Second Quarter

Results: Loss widened to $58.9 million (60 cents per diluted share) from $38.5 million (loss of $5.04 per share) in the same quarter a year earlier.

Revenue: Rose more than twofold to $58.2 million from the year earlier quarter.

Actual vs. Wall St. Expectations: TSLA reported an adjusted net loss of 53 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 55 cents per share. It beat the average revenue estimate of $48.8 million.

Key Stats:

The company has now beaten estimates the last two quarters. In the first quarter, it topped expectations with a loss of 50 cents versus a mean estimate of a loss of 52 cents per share.

Competitors to Watch: Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), Tata Motors Limited (NYSE:TTM), Spartan Motors, Inc. (NASDAQ:SPAR), and Federal Signal Corporation (NYSE:FSS).

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(Source: Xignite Financials)

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