Tesla Motors Inc. (TSLA) reported second quarter non-GAAP EPS of $0.20 after the close Wednesday, up from $0.12 in the prior year period. The consensus estimate was for a loss of $0.17. Total revenue for the second quarter jumped to $405.14 million from $26.65 million in the same quarter last year. The consensus estimate was for revenue of $383.40 million.
Tesla Motors gapped open dramatically higher Thursday, but traded in a range throughout the session. The stock finished with a gain of 19.25 at $153.48 on above average volume. Tesla Motors surged to a new high for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.