Tesla Missed Earnings in Q4 -- but Not All the News Was Bad

Rich Smith, The Motley Fool
·2-min read
Tesla Missed Earnings in Q4 -- but Not All the News Was Bad

Shares of electric car maker Tesla (NASDAQ: TSLA) sank more than 5% in after-hours trading Wednesday following the release of earnings that investors saw as subpar. Analysts expected Tesla to report $1.01 per share in pro forma profits for its fiscal fourth quarter of 2020. Tesla said it earned only $0.80, despite quarterly sales coming in at a stronger-than-expected $1.07 billion -- up 46% year over year.