40 år i branschen
185 800 kunder världen över
15 000 marknader

Tesla: Q1 earnings

Summary of Tesla's earnings for its first quarter, following which shares went down 4% in after-hours trading (9.15pm).

 

Revenue

Earnings per share

Expected

$704.5 million 7.4 cents

Actual

$713 million 12 cents

 

Start trading nowlog in or see live chart

Although top line figures were well ahead of estimates, electric-car maker Tesla still saw its share price drop after first quarter results last night.

Was it the failure to beat a high ‘whisper number’? Or that the company actually made a loss when exceptional items are included? Or was it the weak forward earnings guidance?

Whatever it was, it is clear that Tesla is still paying the price for the stratospherically high earnings expectations that have been built into the share price. Yes, the stock is up 30% over the course of the year so far, versus a decline of 3.6% for the NASDAQ, but most of that gain came in February, and we have seen declines since then.

The headline number may have been good, but once exceptional items are included the company actually incurred a loss of 40 cents per share for the quarter, which compares with a break-even position a year ago. In addition, tech and research and development spending is set to rise at the company, putting further pressure on margins.

Tesla has to do phenomenally well to live up to the expectations placed upon it. This time around, it fell short.

Here is a full list of US stocks that can be traded outside New York Stock Exchange trading hours of 2.30pm to 9pm (London time).

Denna information har sammanställts av IG, ett handelsnamn för IG Markets Limited. Utöver friskrivningen nedan innehåller materialet på denna sida inte ett fastställande av våra handelspriser, eller ett erbjudande om en transaktion i ett finansiellt instrument. IG accepterar inget ansvar för eventuella åtgärder som görs eller inte görs baserat på detta material eller för de följder detta kan få. Inga garantier ges för riktigheten eller fullständigheten av denna information. Någon person som agerar på informationen gör det således på egen risk. Materialet tar inte hänsyn till specifika placeringsmål, ekonomiska situationer och behov av någon specifik person som får ta del av detta. Det har inte upprättats i enlighet med rättsliga krav som ställs för att främja oberoende investeringsanalyser utan skall betraktas som marknadsföringsmaterial.