Breaking: Tesla (TSLA) Q2 adj. earnings beats consensus by 48%

Clay Webster FXStreet

Tesla surprised the market on Monday, posting Q2 adjusted earnings per share (EPS) of $1.45 on revenue of $11.96 billion after the market closed. Analysts had estimated adjusted EPS of $0.98 on revenues of $11.4 billion. The adjusted EPS figure beat expecations by 48%. The figures far surpass Q2 2020 when the automaker reported adjusted EPS of $0.44 on revenues of $6 billion.

The electric vehicle manufacturer already reported Q2 vehicle deliveries earlier in the month. With a total of 201,250 deliveries, the vast majority of the figures came from Tesla's lower cost Model 3 and Y sedans. TSLA shares traded up 2.2% during the regular market to close at $657.62. In the aftermarket, the stock jumped as much as 1.5% to $667 a share at the time of writing.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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