Tesla, Inc. TSLA reported loss per share of $1.12 in second-quarter 2019, wider than the Zacks Consensus Estimate of loss of 54 cents. The company recorded loss of $3.06 per share in the prior-year quarter.
During the reported quarter, net loss attributable to common shareholders amounted $408.3 million compared with the year-ago net loss of $717.5 million.
Revenues increased to $6.35 billion from $4 billion registered in second-quarter 2018. However, the figure missed the Zacks Consensus Estimate of $6.38 billion.
During the quarter under review, Tesla reported record delivery of 95,356 vehicles and production of 87,048 units. This surpassed the previous records achieved in fourth-quarter 2018.
Total automotive revenues, including that from automotive sales and leasing, increased 60% year over year to $5.38 billion in the reported quarter.
Energy generation and storage revenues decreased from $374.4 million in second-quarter 2018 to $368.2 million in the reported quarter. Services and other revenues increased significantly year over year to $605.1 million.
Tesla’s second-quarter 2019 automotive gross margin was 18.9%, decreasing 168 basis points (bps) from second-quarter 2018.
Energy generation and storage gross margin decreased 20 bps to 11.6% on a year-over-year basis.
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