Tesla Reports Slightly Better-Than-Expected Earnings. The Stock Is Up.

view original post

Tesla reported slightly better-than-expected second-quarter earnings per share on Wednesday evening. The stock was rising.

The EV maker announced second-quarter adjusted earnings per share of 40 cents from sales of $22.5 billion. Wall Street was looking for 39 cents from sales of $22.1 billion. Earnings fell 23% year over year.

Shares were up 0.7% at $335 shortly after results were released.