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USA: Tesla Misses Q1 Views, But June ‘S’ Launch Lifts Shares

Tesla Motors (TSLA) reported Q1 revenue of $30.2 million and an ex items loss of 76 cents per share, both somewhat worse than expected. But the luxury electric car maker said its Model S sedan model will be released next month, not July. As a result, Tesla modestly raised its full-year revenue target. Shares rose nearly 5% in early after-hours trading.

During the regular session, shares fell 0.4% to 30.06, barely holding above the 200-day moving average. The stock tumbled 7% on Tuesday. The Accumulation/Distribution Rating has fallen from an A- on March 30 to a lowest-possible E, suggesting big institutions have been selling Tesla shares


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