Tesla shares fall more than 3% despite earnings beat and $1.53B in free cash flow
SiliconANGLE reports Tesla’s $28.05 billion in revenue fell short of the $28.34 billion forecast.
TLDR
SiliconANGLE reports Tesla shares fell more than 3% in after-hours trading following its third-quarter results. Adjusted earnings of 48 cents per share beat the 45-cent forecast, but revenue missed expectations. Tesla generated $1.53 billion in free cash flow, compared with analysts’ expectation that it would burn about $4.5 billion.
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