Tesla Hits $100 Billion in Trailing Revenue, but EPS Miss Sends Stock Down 7%

Tesla Inc. (NASDAQ: TSLA ) shares are trading lower Thursday after the company reported second-quarter adjusted earnings per share below Wall Street estimates on Wednesday after the market closed.

Tesla stock is taking a hit today.

What’s weighing on TSLA shares? Tesla Hits $100B TTM Revenue Milestone Despite EPS Miss Tesla reported adjusted earnings per share of 33 cents, missing the consensus estimate of 50 cents.

In addition, it reported revenue of $28.23 billion, beating the consensus estimate of $25.70 billion.

The company reported second-quarter deliveries of 480,126 vehicles, up 25% year-over-year and above the Street estimate of 406,000.

The company said it hit $100 billion in trailing-twelve-month revenue for the first time in its history.

Active FSD subscriptions reached 1.48 million, up 56% year-over-year and up from 1.28 million in the prior quarter.

Tesla ended the quarter with digital assets worth $674 million, primarily Bitcoin holdings, down from $786 million in the first quarter.

The Future For Tesla Tesla said first-generation production lines for its Optimus robot are being installed ahead of production, which the company said will happen “soon.” The Cybercab is now listed as in production, an upgrade from last quarter’s guidance of volume production “this year.” The Tesla Semi is listed as “commissioning” and remains on track for volume production this year. “We are focused on maximum capacity utilization at our factories,” the company said, adding that deliveries and deployments will depend on demand.

Tesla said it has “never been more optimistic about the future.” Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Slip As GOOGL, Elon Musk's TSLA Drag After Q2 Earnings—Intel, ServiceNow, Quantumscape in Focus Tesla Shares Slip TSLA Price Action: At the time of publication, Tesla shares are trading 7.76% lower at $344.97, according to data Pro.

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