Short on revenue but a beat on profit -- bottom line: Wall Street liked what it heard from Tesla about its second quarter.
The luxury electric car maker posted a non-GAAP loss of $93 million, or $0.89 per share, 3 cents better than Wall Street expected, on $27 million in sales during the second quarter. The consensus revenue estimate was $30.9 million.
The loss was slightly better than expectations, though the sales figure came in light as analysts polled by Thomson Reuters expected a loss of 93 cents a share on revenue of $30.7 million. Tesla also … Read more