Tesla Motors (TSLA) Q3 Earnings Top Estimates, Shares Soar

The stock price of Tesla Motors (NASDAQ: TSLA) surged during the extended trading hours after the electric car manufacturer reported third-quarter financial results that beat the estimates of Wall Street analysts. TSLA stock climbed more than 4% to $211.10 per share during the extended trading on Wednesday. Tesla Q3 financial results Tesla reported that its adjusted earnings were $111 million or $0.71 per share for the third quarter, higher than the $0.54 per share expected by analysts. The company’s total GAAP revenue was $2.3 billion, an increase of 152% from…

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Tesla Advances 500,000 Units Production Plan to 2018

Tesla

Tesla Motors (NASDAQ:TSLA) is advancing its production plan of 500,000 electric vehicles including Model S, Model X, and Model 3 by two years to 2018, according to its CEO Elon Musk and CFO Jason Wheeler in a letter to shareholders. The company also affirmed its plan to deliver 80,000 to 90,000 new electric vehicles this year. Tesla also stated that it is on track to achieving its goal to produce the first cells at its Gigafactory in the fourth quarter of 2016. Tesla also emphasized the overwhelming demand for its…

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Tesla Posts Quarterly Loss but Stock Soars on Positive Outlook

Tesla

Tesla Motors (NASDAQ:TSLA) reported a non-GAAP net loss of $114 million or $0.87 per share for the fourth quarter of 2015 compared with the  $0.16 loss per share expected by Wall Street analysts. The electric car manufacturer’s revenue increased 59% to $1.75 billion, lower than the $1.79 billion consensus estimate for the quarter. Although the electric car manufacturer missed the expectations of analysts , its stock price surged more than 9% to $157 per share during the extended trading, around 7:02 PM on Wednesday. During the quarter, Tesla delivered 17,478…

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