Shares of electric car maker Tesla Motors�(TSLA) are up $1.30, or 4.5%, at $30.25, in late trading after the company this afternoon reported Q2 revenue that was below consensus but beat on the bottom line, and reaffirmed its outlook for the year.
Revenue in the three months ended in June fell 53.6%, year over year, to $27 million, missing the consensus $30.9 million estimate. The company turned in a net loss of 89 cents a share, which was 3 cents better than consensus.
For the full year, Tesla affirmed a prior forecast of $560 million to $600 million, which is above the consensus $556.2 million outlook.
Tesla said its “Model S” autos were “well received” during the quarter and that its main objective for the year will be to “rollout the Model S experience to a broader audience through customer deliveries, test drives and store openings.”
Tesla will host a conference call with analysts at 5:30 pm, Eastern time, this evening, and you can catch the webcast of it here.
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