Tesla (TSLA) Tops Q3 EPS by $3.09

Tesla (NASDAQ: TSLA) reported Q3 EPS of $2.90, $3.09 better than the analyst estimate of ($0.19). Tesla revenue was $6.82 billion versus the consensus of $6.3 billion.

• GAAP net income of $312M, non-GAAP net income of $516M
• Operating income of $417M and operating margin of 6.1%
• Free cash flow of $881M supported by operating cash flow of $1.4B
• $3.0B of cash and cash equivalents at Q3-end, increased by $731M in Q3
• Model 3 GAAP and non-GAAP gross margin > 20% in Q3
• Reaffirm expectation of continued GAAP net income and free cash flow in Q4

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

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