Actionable news
All posts from Actionable news
Actionable news in TSLA: Tesla Motors, Inc.,

Tesla Loses $293 Million as Deliveries Fall Short, Expenses Rise

Tesla Motors Inc. TSLA -0.62 % said it posted a loss of $293 million in the second quarter, sharply wider than a year ago, as deliveries fell short of expectations and expenses rose.

Adjusting for Tesla’s lease accounting and stock-based compensation, Tesla lost $150 million or $1.06 per share, more than double the loss that Wall Street had expected in the period that ended June 30.

Revenue rose 33% to $1.27 billion. Tesla adjusted its delivery count for the quarter slightly to 14,402. It had originally hoped to deliver 17,000...