Tesla misses earnings consensus by 39% in Q2, shares slide

Tesla misses adjusted EPS consensus by $0.21 in Q2.
Revenue comes in $1.75 billion ahead of consensus in Q2.

Clay Webster FXStreet

Tesla (TSLA) missed Wall Street's consensus for second-quarter adjusted earnings per share (EPS) late Wednesday. TSLA stock dropped over 2.5% afterhours on the news as the EV-battery-robot company reported adjusted EPS of $0.33 compared with the analyst consensus of $0.54.

Revenue in the quarter, however, of $28.24 billion beat the consensus by $1.75 billion as sales rose nearly 26% from a year earlier. Earlier this month, Tesla reported Q2 deliveries of 480K vehicles.

Tesla also reported capex of $5.79 billion in the quarter compared with $2.49 billion in the first quarter. Free cash flow dropped to $1.09 billion in Q2 compared with $1.44 billion in Q1.

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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