Tesla reported earnings after the bell and it’s a miss on earnings, but another profitable quarter for Elon Musk’s electric vehicle and solar business.
Shares were down about 3% after hours.
Here are the results, versus what analysts were expecting according to estimates compiled by Refinitiv:
- Earnings: 80 cents adj. vs $1.03 per share expected
- Revenue: $10.74 billion vs $10.4 billion expected
The company also gave some production guidance going forward, writing “Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries.” Tesla expects faster delivery growth than that for 2021, with two new factories expected to come online this year and updated…