Tesla Motors Inc (TSLA) Earnings Analysis: Why Did The Stock Plunge?
Tesla Motors Inc (NASDAQ:TSLA) released its earnings numbers for the three months through September this afternoon. The company’s shares dropped quickly after the numbers were released.
Tesla showed that it sold 5,500 cars in the period and earned an
adjusted 12 cents per share. The company showed revenue of $603 million
for the three months.
The company’s poor performance on the after-market appears to stem from
worse-than-expected performance of core Tesla business rather than
reaction to the headline numbers. Tesla Motors Inc (NASDAQ:TSLA)
predicted that it would sell 5,000 cars during the period, but
expectations appear to have run ahead of the company’s own estimates.
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