
Tesla reported weaker-than-expected earnings for the second quarter even as revenue topped estimates. The stock slid about 4% in extended trading on Wednesday.
Here’s how the company did compared to Wall Street expectations, according to estimates from analysts polled by LSEG
- Earnings per share: 33 cents adjusted vs. 51 cents expected
- Revenue: $28.24 billion vs. $25.71 billion expected
Tesla’s earnings report lands in the midst of a steep decline in its stock price, which is down about 11% this month and 17% for the year as of Wednesday’s close. That slide has coincided with a drop in SpaceX, Elon Musk’s other trillion-dollar company, which held a record market debut in June and has lost more than 40% of its value since its peak…






