These are some of the stocks moving in after-hours on April 19, 2023:
Tesla (TSLA) shares sank 2% immediately following its first-quarter results. The EV maker’s adjusted earnings per share of 85 cents was a penny off the average analyst estimate of 86 cents. Revenue of $23.33 billion came roughly in line with expectations of $23.35 billion.
Tesla, which recently cut the price of its top selling vehicles in the US and China, said it expects product pricing will continue to evolve, “upwards or downwards, depending on a number of factors.”
“Although we implemented price reductions on many vehicle models across regions in the first quarter, our operating margins reduced at a manageable rate,” stated the quarterly earnings release.
Tesla’s gross margin came in at 19.3%, versus estimates of 21.2%.
ARCHIVO – Un letrero con el logotipo de la empresa Tesla luce afuera de una tienda de estos vehículos eléctricos en el centro comercial Cherry Creek, el 9 de febrero de 2019, en…
This article was written by and originally published on finance.yahoo.com