Tesla (NASDAQ:TSLA) posted its quarterly earnings results on Wednesday. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.12) by $0.08, Briefing.com reports. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.69) earnings per share.
Shares of Tesla (NASDAQ TSLA) opened at $345.00 on Thursday. The firm has a market cap of $57,980.00, a P/E ratio of -40.30 and a beta of 0.97. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a 1 year low of $242.01 and a 1 year high of $389.61.
TSLA has been the subject of a number of analyst reports. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 target price for the company in a report on Friday, October 13th. Barclays reiterated a “sell” rating on shares of Tesla in a report on Sunday, October 15th. Oppenheimer reissued a “hold” rating on shares of Tesla in a research note on Monday, October 16th. Piper Jaffray Companies set a $386.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Eleven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $327.11.
ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/08/tesla-tsla-issues-quarterly-earnings-results.html.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.