Tesla Missed Revenue Target in Q2

Tesla on Wednesday reported Q2 earnings that beat analysts' estimates and revenue that fell short of expectations.

Tesla Q2 Earnings. Tesla posted earnings per share of $2.27 on revenue of $14.6 billion. Analysts surveyed by Investing.com expected earnings per share of $ 1.86 on revenue of $ 16.52 billion. Tesla shares are trading at a 52-week high of $760.31, down 29% year-to-date and underperforming the Nasdaq, which is down 23.95% year-to-date. Tesla shares gained 2.40% in after-hours trading. Tesla is tracking other major Consumer Discretionary sector earnings this month. Tesla's report came after Nike, which reported $0.9 EPS on June 27 on revenue of $12.23 billion, beat earnings estimates with EPS of $0.8015 on revenue of $12.06 billion. Fast Retailing ADR had beaten expectations on July 14 with second-quarter EPS of $0.6426 on revenue of $3.94 billion, compared to EPS estimate of $0.2985 on revenue of $3.95 billion.   Source: investing.com

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You May Also Be Interested In: Tesla's Earnings Beat Estimates as Nasdaq 100 Rises. US stocks (Dow, S&P, Nasdaq) were sluggish at the cash open on Wednesday, but quickly rallied for a second session on slowly improving investor sentiment, recent sell-offs and hopes that the worst is over in terms of extreme pessimism. By the closing bell, the S&P 500 was up 0.59% to 3,959, its best level since June 10, with consumer discretionary and information technology sectors powering the rise. The Nasdaq 100 outperformed its Wall Street peers, rising 1.55% to 12,439 thanks to strong gains in Netflix, Amazon, Meta Platforms and Nvidia shares. https://ieconomy.io/en/teslas-earnings-beat-estimates-as-nasdaq-100-rises/