Tesla: shares fall after results announced
(CercleFinance.com) - Tesla late on Wednesday reported a fourth-quarter loss of 770.
8 million dollars, or 4.01 dollars per share, compared with a year-ago loss of 279.5 million dollars, or 0.78 dollar per share.
Revenue in the quarter climbed to 3.3 billion dollars, from 2.3 billion a year ago.
The California-based maker of luxury electric cars delivered 29,967 vehicles over the quarter.
Although negative at 276.8 million dollars, free cash flow in Q4 represented a significant improvement from -969 million dollars a year ago.
Also, Tesla Chief Executive Elon Musk said he was "cautiously optimistic" that Tesla could post a GAAP profit in full-year 2018.
Investors did not seem too convinced, and sent the share down over 2% in early morning trading on Wall Street.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8 million dollars, or 4.01 dollars per share, compared with a year-ago loss of 279.5 million dollars, or 0.78 dollar per share.
Revenue in the quarter climbed to 3.3 billion dollars, from 2.3 billion a year ago.
The California-based maker of luxury electric cars delivered 29,967 vehicles over the quarter.
Although negative at 276.8 million dollars, free cash flow in Q4 represented a significant improvement from -969 million dollars a year ago.
Also, Tesla Chief Executive Elon Musk said he was "cautiously optimistic" that Tesla could post a GAAP profit in full-year 2018.
Investors did not seem too convinced, and sent the share down over 2% in early morning trading on Wall Street.
Copyright (c) 2018 CercleFinance.com. All rights reserved.