* Tesla Inc reported quarterly adjusted earnings of 52 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 91 cents. The mean expectation of thirty four analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 45 cents to 87 cents per share.
* Revenue rose 2.3% to $25.50 billion from a year ago; analysts expected $24.77 billion.
* Tesla Inc's reported EPS for the quarter was 42 cents.
* The company reported quarterly net income of $1.48 billion.
* Tesla Inc shares had risen by 27.1% this quarter and gained 1.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.9% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 22 "strong buy" or "buy," 17 "hold" and 11 "sell" or "strong sell."
* The average consensus recommendation for the auto & truck manufacturers peer group is also "hold"
Wall Street's median 12-month price target for Tesla Inc is $203.95 This summary was machine generated from LSEG data July 23 at 09:51 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.62 0.52 Missed
Mar. 31 2024 0.51 0.45 Missed
Dec. 31 2023 0.74 0.71 Missed
Sep. 30 2023 0.72 0.66 Missed