Tesla recorded automotive gross margin excluding regulatory credits of 14.65% in the second quarter, compared with estimates of 16.29%, according to 20 analysts polled by Visible Alpha.
Shares of the electric-vehicle maker were down about 4% in trading after the bell.
The company on Tuesday reported revenue of USD 25.50 billion for the three months ended June, compared with USD 24.93 billion a year earlier. Analysts on average had estimated USD 24.77 billion, according to LSEG data.
Net income was USD 1.48 billion in the second quarter, compared to USD 2.70 billion a year ago.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
