Tesla (TSLA) Impresses Wall Street With These Numbers
Author By Sophia VidaPosted on Tesla (TSLA) saw shares climb higher on Wednesday after the company released third quarter results that significantly beat what analysts had expected.
According to a Thomson Reuters consensus estimate, Tesla earned 71 cents a share on an adjusted basis in the third quarter on $2.3 billion in revenue while analysts expected a loss of 54 cents per share on $1.98 billion in revenues.
Earlier this month Tesla also had announced record delivery and production numbers and beat second-quarter delivery and production numbers by 70 percent and 37 percent, respectively.
Going forward, Tesla forecasts 50,000 new vehicles in the second half of 2016, with a fourth-quarter plan of just over 25,000 deliveries.
Tesla is getting ready for a shareholder vote on November 17th, over its planned acquisition of SolarCity.
Disclaimer: We have no position in Tesla Motors Inc. (NASDAQ: TSLA) and have not been compensated for this article.
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