Article 4DTS9 Tesla earnings: company posts surprisingly large losses in delayed report

Tesla earnings: company posts surprisingly large losses in delayed report

by
Kari Paul in San Francisco
from Technology | The Guardian on (#4DTS9)

Firm reveals losses of $2.90 a share after waiting more than an hour after markets close

Tesla posted larger-than-expected losses in its first-quarter earnings report, as the company struggles with production rates and was forced to raise prices on a number of its cars.

The electric carmaker reported a loss of $2.90 a share in its filing, weaker than the $1.30 loss a share experts were expecting. The company's stock closed out the day at $258.66 a share and prices fluctuated wildly in after hours trading.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/technology/rss
Feed Title Technology | The Guardian
Feed Link https://www.theguardian.com/us/technology
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments