Categories AlphaGraphs, Earnings, Industrials, LATEST
Tesla (TSLA) Earnings: Q2 profit beats estimates on 98% revenue growth; stock gains
Electric car maker Tesla Inc. (NASDAQ: TSLA) reported strong second-quarter revenue and earnings that increased year-over-year and topped expectations.
At $1.45 per share, adjusted net income was sharply higher than $0.44 per share reported in the prior-year period. It was also above analysts’ forecast.
Reported net income, including special items, moved up to $1.14 billion or $1.02 per share from $104 million or $0.10 per share in the second quarter of 2020. The impressive performance reflects a 98% jump in revenues to $11.95 billion. Analysts were looking for a smaller top-line number.
Earlier this month, the California-based company said it produced 206,421 vehicles in the June quarter. Deliveries totaled 201,250 during that period.
Read management/analysts’ comments on Tesla’s Q2 report
After reaching a record high at the beginning of the year, Tesla’s stock withdrew and has traded almost flat since then. The stock closed Monday’s regular trading higher and gained further during the extended session soon after the earnings release.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
