Tesla (TSLA) Beats Q1 EPS and Revs

May 2, 2018 4:12 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Tesla (NASDAQ: TSLA) reported Q1 EPS of ($3.35), versus the analyst estimate of ($3.58). Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.22 billion.

  • Model 3 production hit 2,270/week in April for the 3rd straight week over 2,000
  • Q1 Auto GAAP gross margin up sequentially by 80 bp and non-GAAP by 500 bp
  • Cash balance of $2.7 billion at the end of Q1
  • 2018 Capex projection reduced from >$3.4 billion to <$3 billion
  • Expecting positive GAAP net income and positive cash flow in Q3 and Q4 2018

For earnings history and earnings-related data on Tesla (TSLA) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Hot Earnings

Related Entities

Tesla, Earnings, Model 3