Tesla Announces Earnings

Elon Musk’s Tesla released their quarterly earnings today. Analysts estimated a loss per share of $3.12 and revenue of $3.28 billion. The company announced a loss per share of $3.04 and revenue of $3.29 billion, beating estimates. The company also announced that they are on track to make 5,000 Model 3’s a week.

This quarter marks their largest loss in history. The stock is up shortly in after hours, and up 31% year over year.

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