A Tesla P85D is seen on display at a Tesla showroom in Pasadena, Calif., August 3, 2015.MARIO ANZUONI/Reuters
Tesla Motors Inc. on Wednesday reported a loss of $184.2-million (U.S.) in its second quarter.
The Palo Alto, Calif.-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 past 12 months. However, the shares fell in after-hours trading.