Tesla Q2 Earnings Report Falls Short As It Otherwise Shoots For the Stars

By Jeff Cobb Wildly ambitious Tesla promises very favorable long-term numbers but its second quarter earnings report released today had figures that did not meet analysts’ expectations.
The company is not yet profitable, is not expected to be at this stage of burning cash to build and unify its businesses of vehicles, solar power and energy storage, but losses reported of $1.06 per share were worse than a projection of 52 cents.
Including expenses, the loss was $2.09 per share, and the same poll by Thomson Reuters that set the 52-cent estimate had figured Tesla would lose 94 cents per share under that metric.
Losses of

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