Published on 24 Apr 2024 on Zacks via Yahoo Finance
Tesla (TSLA) Q1 Earnings Miss Expectations, Decline Y/Y
Tesla TSLA posted disappointing first-quarter 2024 results, missing both earnings and revenue estimates. This marked the third earnings miss in a row for the electric vehicle (EV) behemoth, following 10 straight quarters of beat. The company remained cautious about its vehicle volume growth rate for 2024, which is expected to be noticeably lower than 2023.First-quarter earnings per share (EPS) of 45 cents missed the Zacks Consensus Estimate of 46 cents and also declined from the year-ago figure of 85 cents. Total revenues of $21.3 billion missed the consensus mark of $22.6 billion and declined 9% year over year.
Tesla, Inc. Price, Consensus and EPS Surprise
