Tesla on Wednesday reported a smaller-than-expected loss for the fourth quarter and topped expectations for revenues.
The electric-car maker lost $0.69 per share on an adjusted basis, higher than Wall Street’s expectation for a loss of $1.04. Its revenues totaled $2.28 billion ($2.13 billion forecast.)
This was the first earnings release since shareholders approved the electric-car maker’s acquisition of SolarCity – a $2.6 billion deal that merged the two companies CEO Elon Musk oversaw.
Tesla forecast that it will deliver between 47,000 and 50,000 Model X vehicles in the first half of the year. It said it was considering up to five gigafactories.
As Tesla continues to burn through cash and tackle competition, analysts are parsing the earnings release and call for information on how the company plans to manage its capital.
Tesla said the the Model 3 and solar-roof launches were on track for the second half of this year.
Tesla’s stock has been on a tear of late, rising 43% in the three months through Wednesday’s market close. They gained up to 2% in extended trading following the earnings release. Image may be NSFW.
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Het bericht Tesla reports smaller loss than expected, beats on revenues verscheen eerst op Business Insider.
