Tesla Motors Inc. reported second-quarter earnings after the bell Wednesday, detailing a second-quarter loss of $184.3 million, or $1.45 a share, on revenue of $1.2 billion; after adjustments, Tesla said losses were $61 million, or 48 cents a share.
Analysts had expected the electric-car maker to report an adjusted loss of 60 cents a share, its third consecutive quarterly loss, with revenue of $1.19 billion.
Wall Street has turned more cautious on Tesla recently due to the stock’s high valuation and the company’s ambitious plans. Tesla shares have gained 21% so far this year, 10 times more than the S&P 500 index.
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