Tesla Earnings Beat Expectations, Stock Wobbles

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Tesla Earnings Beat Expectations, Stock Wobbles

Tesla Earnings Beat Expectations, Stock Wobbles
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Tesla Earnings Beat Expectations, Stock Wobbles

by Wochit 0:44 mins

Tesla Motors beat analysts' estimates for the second quarter, earning 11 cents per adjusted share compared to the expected 4 cents. The stock was trading for $223. The electric car maker reported adjusted income of $16 million, but lost $61.9 million on an unadjusted basis. That compares to a net loss of $30.5 million for the same quarter last year. The electric car maker said Thursday it had doubled its potential market by starting sales to China and having created a right-hand drive of the Model S.

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