Investing.com - Tesla reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tesla announced earnings per share of $2.18 on revenue of $6.04B. Analysts polled by Investing.com anticipated EPS of $-0.19 on revenue of $5B.
Tesla shares are up 280% from the beginning of the year and are trading at $1,625.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 19.32% from the start of the year.
Tesla shares gained 2.20% in after-hours trade the report.
Tesla follows other major Consumer Cyclical sector earnings this month
Tesla's report follows an earnings missed by Nike on Thursday, June 25, 2020, who reported EPS of $-0.51 on revenue of $6.31B, compared to forecasts EPS of $0.09 on revenue of $7.3B.
PACCAR had beat expectations on Tuesday with second quarter EPS of $0.43 on revenue of $2.7B, compared to forecast for EPS of $0.3 on revenue of $2.95B.
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