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Tesla stock jumps after quarterly figures: Earned better than expected
The electric car manufacturer Tesla earned more in the past quarter than Wall Street had expected. The stock temporarily jumped more than nine percent in after-hours trading. Tesla narrowly missed analysts' forecasts in terms of revenue. Revenues rose by eight percent year-over-year to just under $25.2 billion. The market had expected around $25.4 billion on average. The money Tesla earns from selling CO2 certificates to automakers with combustion engines also played a role. In the pure automotive business, revenue increased by two percent to over $20 billion.
At the end of the day, Tesla's profit rose by 17 percent year-on-year to approximately $2.17 billion. The adjusted earnings per share were 72 US cents - while analysts had only expected 58 US cents. Tesla increased deliveries in the past quarter by six percent to just under 463,000 vehicles. The lion's share of this was made up of the more affordable Models 3 and Y, with around 440,000 cars. However, the new electric pickup "Cybertruck" now follows them in third place in the ranking of electric vehicles sold in the USA, Tesla announced without providing a specific sales figure.
Translated automatically from German.
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