Tesla Inc (NASDAQ:TSLA) reported mixed results following its first quarter earnings release after the close Wednesday.
- Q1 Adj. EPS $(1.33), missing estimates by $0.52
- Q1 Sales $2.7B, beating estimates by $100 million• Tesla Sees Q2 GAAP, Adj. Opex Flat to up slightly on QoQ basis
- Model 3 Is On Track For Initial Production In July
- Had $4 billion in cash on hand heading in Q2
- Vehicle Production In Q1 was up 64% YoY to 25,051 Units
At last check, shares of Tesla were nearly unchanged in volatile after-hours trading. The stock closed at $310.77.
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