Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas.
CNBC
Tesla reported weaker-than-expected earnings for the second quarter even as revenue topped estimates. The stock slid in extended trading on Wednesday.
Here’s how the company did compared to Wall Street expectations, according to estimates from analysts polled by LSEG
- Earnings per share: 33 cents adjusted vs. 51 cents expected
- Revenue: $28.24 billion vs. $25.71 billion expected
Tesla’s earnings report lands in the midst of a steep decline in its stock price, which is down about 11% this month and 17% for the year. That slide has coincided with a drop in SpaceX, Elon Musk’s other trillion-dollar company, which held a record market debut in June and has lost more than 40% of its value since its peak close.
