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Tesla reported earnings after the bell, and the results sent the stock up slightly after hours.
- Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv
- Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv
Automotive gross margin came in at 27.9%, down from 32.9% last quarter and 28.4% a year ago, impacted by inflation and more competition for battery cells and other components that go into electric vehicles. Automotive revenues made up $14.6 billion of the company’s total, with $1.47 billion coming from services and other revenue, and $866 million from the company’s energy segment.
The company generated $344 million in automotive regulatory…
Source cnbc.com
