Wall Street analysts on Tesla earnings
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.
Johannessen-Koppitz | Bloomberg | Getty Images
Telsa’s second quarter saw the company pass $1 billion in net profit for the first time and beat estimates on the top and bottom lines, but top Wall Street analysts had a tepid reaction to the report.
The automaker reported $1.14 billion in net income for the period, its most profitable quarter on record. That equates to $1.45 in adjusted earnings per share on $11.96 billion in revenue. Analysts surveyed by Refinitiv were looking for 98 cents in earnings per share on $11.30 billion in revenue.