On Wednesday, the US carmaker, Tesla, posted its quarter three financial reports that beat the experts’ prediction. The electric vehicle manufacturer reported earnings per share and revenue of $0.76 and $8.77 billion as compared to the experts’ forecast of $8.26B revenue and $0.55 EPS.
Tesla is already trading 405% up since the start of the year and is beating the NASDAQ 100, which rose 33.58%. The US EV automaker’s stock price is down from its 52 weeks high, trading high at $426.99.
The California based company follows other significant organisations like Nike, which on September 22, posted revenue of $10.59 billion and EPS of $.0.95 in comparison with the forecast of $9.13 billion revenue and $0.47 EPS.
Meanwhile, Ferrari NV falls short of experts’ predictions when it posted revenue of $670.24 million as compared to predicted $670.08 million and $0.05 EPS in comparison to forecasted $0.06 earnings per share.
Tesla stock prices rose 1.03% in aftermarkets trade hour.