Tesla’s Model 3 leads sales gain, but earnings miss expectations
https://www.mercurynews.com/2019/01/30/teslas-model-3-leads-sales-gain-but-earnings-miss-expectations/
Tesla on Wednesday reported fourth-quarter results that included better-than-expected sales — but its earnings supported CEO Elon Musk’s assertion from earlier this month that the electric carmaker has a “very difficult” road ahead in 2019.
After the stock market closed, Tesla reported a profit of 78 cents a share, on sales of $7.23 billion, compared with a loss a year ago of $4.01 a share, on $3.29 billion in revenue. Tesla’s shares fell by 2.3 percent, to $302.68, following the release of the company’s earnings results.