Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Tesla's revenue and profit were below forecasts


April, 20 2023
watermark Economic news

The electric car manufacturer Tesla has released a report with results in the first quarter, which disappointed analysts. The revenue indicator was below forecasts.


Thus, the company's net profit attributable to shareholders decreased by 24% year-on-year to $2.51 billion. Diluted earnings per share were $0.73 versus $0.95 for the first quarter of 2022. Adjusted diluted earnings per share were $0.85 with a forecast of $0.86.


Revenue rose 1.24 times and amounted to $23.33 billion. Analysts had expected revenue of $23.78 billion.


Car sales increased 1.18 times compared to the same period last year and amounted to $19.9 billion.


After the publication of the reports, the company's share price began to decline – by 6.07%, to $180.59 per paper. However, it is worth noting that this year the value of Tesla shares, having risen by 46%, showed better results than in general according to the Nasdaq 100 index, having risen 19% since the beginning of the year.


Representatives of the company noted that the reduction in prices for its electric vehicles did not lead to a serious reduction in profits, and it intends to continue to adhere to the policy of reducing prices, as well as to implement new products such as Cybertruck.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.