Tesla Misses Estimates After China Sales Disappoint
A Tesla Model S at the Paris Motor Show.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Tesla Motors Inc. tumbled in early trading after the electric-car maker led by Elon Musk missed targets for vehicle deliveries and reported an unexpected quarterly loss.
The shares fell as much 9.2 percent Thursday, after the electric-car maker reported a fourth-quarter loss, excluding certain items, of 13 cents a share, in a letter to investors posted on its website. Analysts had estimated a profit of 32 cents a share, on average, according to data compiled by Bloomberg. Tesla delivered a record 9,834 vehicles, missing the average analyst estimate by almost 1,000 and its own goal by 1,345.