Tesla Stock Rises On Smaller Q1 Loss, Output Outlook

By | May 6, 2015

Scalper1 News

Electric car company Tesla Motors (TSLA) reported better than expected first quarter earnings after the market close Wednesday and reaffirmed its full-year vehicle sales forecast. Tesla reported non-GAAP revenue of $1.10 billion, up 55% from the year-ago quarter and beating the consensus estimate of 1.04 billion. GAAP revenue was $940 million. Tesla reported reported a loss of 36 cents a share excluding various items. The consensus estimate of Scalper1 News

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