Tesla Q2 2024 Adj EPS $0.52 Misses $0.62 Estimate, Sales $25.500B Beat $24.726B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tesla (NASDAQ:TSLA) reported Q2 2024 earnings per share of $0.52, missing the analyst estimate of $0.62. However, the company reported sales of $25.5 billion, beating the estimate of $24.726 billion and showing a 2.30% increase from the same period last year.
July 23, 2024 | 8:05 pm
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Tesla's Q2 2024 earnings per share missed analyst estimates, but the company reported higher-than-expected sales, showing a year-over-year increase.
The mixed results, with an earnings miss but a sales beat, create a neutral short-term outlook for Tesla's stock price. The earnings miss may cause some negative sentiment, but the sales beat and year-over-year growth could offset this.
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