Market Overview

UPDATE: Tesla Reports Wider Q3 Loss

Share:
Related TSLA
Chowdhry: Tesla Can 'Easily' Deliver 25,000 Vehicles In Q4, Demand Continues To Outstrip Production
Want Any Mayo? Week Ahead Sandwiched Between Jobs And Fed
The American Onshoring Trend Is Accelerating (Seeking Alpha)

Tesla Motors (NASDAQ: TSLA) reported a wider third-quarter loss on Monday.

Tesla Motors posted a quarterly loss of $110.8 million, or $1.05 per share, versus a year-ago loss of $65.1 million, or $0.63 per share. Excluding one-time items, it lost $0.92 per share.

Its sales declined to $50.1 million from $57.7 million. However, analysts were expecting a loss of $0.89 per share on sales of $55.7 million.

Tesla Motors shares closed at $28.92 on Friday.

Posted-In: lossEarnings News

 

Related Articles (TSLA)

View Comments and Join the Discussion!