Tesla Motors Inc. (TSLA: Quote) Tuesday reported second-quarter net loss of $105.6 million or $1.00 per share, compared to $58.9 million or $0.60 per share last year.
Adjusted net loss for the quarter was $93.2 million or $0.89 per share, compared to $51.6 million or $0.53 per share last year. On average, eleven analysts polled by Thomson Reuters expected loss of $0.93 per share. Analysts' estimates typically exclude special items.
Total revenues for the quarter dropped to $26.7 million compared to $58.2 million last year. Analysts estimated revenues of $30.65 million for the quarter.
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by RTT Staff Writer
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