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Reported earnings after the bell and both earnings and revenue were better than expected. After CEO Elon Musk said that the company might be able to make 2 million cars this year, shares went up by more than 5%. Here is what happened.
- Earnings (adjusted): $1.19 vs. $1.13 per share expected, per Refinitiv
- Revenue: $24.32 billion vs. $24.16 billion expected, per Refinitiv
In the same quarter last year, Tesla made $17.72 billion in sales and $2.52 per share ($0.85 per share after a stock split in August 2022).
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Morris
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