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Tesla Motors, Inc. Q1 adjusted earnings Beat Estimates

Tesla Motors, Inc. (TSLA) revealed earnings for its first quarter that rose from the same period last year.

The company's bottom line came in at $438 million, or $0.39 per share. This compares with $16 million, or $0.02 per share, in last year's first quarter.

Excluding items, Tesla Motors, Inc. reported adjusted earnings of $1.05 billion or $0.93 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 73.5% to $10.39 billion from $5.99 billion last year.

Tesla Motors, Inc. earnings at a glance:

-Earnings (Q1): $1.05 Bln. vs. $0.23 Bln. last year.
-EPS (Q1): $0.93 vs. $0.23 last year.
-Analysts Estimate: $0.79
-Revenue (Q1): $10.39 Bln vs. $5.99 Bln last year.

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