Tesla reported second-quarter revenue of $28.24 billion, up 26% from a year earlier and above the market estimate of $26.32 billion, according to an Odaily newsflash. Adjusted earnings per share came in at $0.33, missing the $0.51 estimate. Reported earnings per share were $0.32, compared with $0.33 in the same period last year. The company also posted negative free cash flow of $1.09 billion for the quarter, better than the expected negative $3.64 billion. Revenue from Tesla’s automotive segment reached $20.52 billion, ahead of the $18.68 billion estimate. The figures present a mixed quarter, with revenue and automotive sales exceeding expectations while earnings per share fell short of forecasts.
Tesla reported second-quarter revenue of $28.24 billion, up 26% year over year and above the market estimate of $26.32 billion, according to Odaily.
Adjusted earnings per share for the quarter were $0.33, below the $0.51 estimate. Quarterly earnings per share were $0.32, compared with $0.33 in the same period a year earlier.
Tesla also posted negative free cash flow of $1.09 billion in the second quarter, better than the expected negative $3.64 billion. Revenue from its automotive division came in at $20.52 billion, above the $18.68 billion estimate.
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