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Tesla Missed Earnings in Q4 -- but Not All the News Was Bad

TheMotleyFool

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Shares of electric car maker Tesla (NASDAQ: TSLA) sank more than 5% in after-hours trading Wednesday following the release of earnings that investors saw as subpar.

Analysts expected Tesla to report $1.01 per share in pro forma profits for its fiscal fourth quarter of 2020. Tesla said it earned only $0.80, despite quarterly sales coming in at a stronger-than-expected $1.07 billion -- up 46% year over year. Pro forma profits also roughly doubled (up 95%), while GAAP profits more than doubled to $0.24 per share (up 118%).

Image Credit: Tesla.

Source Fool.com

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