Tesla Slips After Hours Despite Q1 Earnings Beat
On Monday after market hours, Tesla (NASDAQ: TSLA) reported a quarter that smashed the company's previous records for production and deliveries, while crushing profitability estimates. But skeptical investors traded the company's stock down regardless.
The company booked first-quarter revenue of $10.39 billion, which was a sturdy 74% higher year over year. That was on the back of a 109% increase in total vehicle deliveries during the period to a new high of 184,800. Adjusted net profit more than quadrupled over that stretch of time to hit $1.05 billion, or $0.93 per share.
Image source: Tesla Motors.
Source Fool.com
