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Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France.
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Tesla reported earnings after the bell, showing a record for quarterly revenue but lower margins thanks to price cuts and incentives. The stock price is essentially unchanged in after-hours trading.
- Revenue: $24.93 billion, versus $24.47 billion expected according to Refinitiv.
- Earnings: 91 cents per share adjusted, versus 82 cents per share expected as per Refinitiv.
Net income (GAAP) was $2.70 billion, an increase of 20% from last year….
Source cnbc.com
