PALO ALTO, Calif. (AP) _ Tesla Motors Inc. (TSLA) on Wednesday reported a loss of $184.2 million in its second quarter.
The Palo Alto, California-based company said it had a loss of $1.45 per share. Losses, adjusted for non-recurring costs and stock option expense, were 48 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The electric car maker posted revenue of $1.2 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.16 billion.
Tesla shares have increased 21 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $270.13, an increase of 13 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSLA at http://www.zacks.com/ap/TSLA
_____
Keywords: Tesla Motors, Earnings Report, Priority Earnings
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.