During the afternoon, Tesla announced the results of the Q2. Earnings will be revealed later today.
The company announced that it made $6,349 billion in revenue and a loss of $1.12 per share. These numbers balance between a prediction made by Wall Street and the results from the Q1.
On the first quarter, Tesla had $4.5 billion in revenue and a loss of $4.10 per share, which shows a growth in the company’s numbers but according to Wall Street, the expectations were of revenue of $6.375 billion and a loss of $0.54 per share.
Elon Musk’s company also stated that, even though it had this loss, Tesla has on its hands about $5 billion to use in covering the negative results. The value is “the highest in Tesla’s history.”
You can check the whole shareholder document here:
Q2’19 Update Letter by Fred Lamert on Scribd
