Tesla Releases First Quarter 2019 Financial Results
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April 26, 2019 2:40 PM EDT
Tesla (NASDAQ: TSLA) Continues to Make Fresh Lows on Heavy Volume, Down 6.3%
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April 26, 2019 12:36 PM EDT
Tesla (NASDAQ: TSLA) Extends Decline, Down 5% on Heavy Volume
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April 24, 2019 5:15 PM EDT
(Updated - April 24, 2019 5:18 PM EDT)
Tesla (NASDAQ: TSLA) reported Q1 EPS of ($2.90), $2.21 worse than the analyst estimate of ($0.69). Revenue for the quarter came in at $4.54 billion versus the consensus estimate of $5.33 billion.
OUTLOOK Although we are driving towards higher internal goals, we reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019, representing an increase of approximately 45% to 65% compared to 2018. Please note that vehicle production will be significantly higher than deliveries, as it takes several weeks to transport cars from California to distant customers, especially in other countries, where they must also be processed... More
