Tesla reported its first-quarter earnings, which fell below analyst expectations. Earnings per share (EPS) came in at $0.45, which was $0.04 lower than the estimated $0.49. Revenue for the quarter was $21.3B, also missing the consensus estimate of $22.27B.
The company’s stock price closed at $144.61, marking a decline of over 21% in the past three months and over 11% in the past year. Tesla has faced a series of negative EPS revisions in the last 90 days, with 14 revisions compared to only one positive revision.
Despite the disappointing earnings, Tesla’s Financial Health score remains at “good performance” according to InvestingPro. Investors can stay up-to-date on Tesla’s earnings and financial performance by visiting the Investing.com earnings calendar and financial data pages.
