Investing.com – Shares of Tesla inched higher in afterhours trade on Wednesday, after the electric carmaker reported first quarter earnings that topped revenue but missed earnings expectations.
Tesla posted earnings loss of $1.33 per share on $2.70 billion in revenue against analysts’ expectations of an earnings loss of $0.81 per share on $2.62 billion in revenue.
Investors cheered an uptick in Tesla vehicle production for the first quarter to 25,051, up 64% compared to same period a year ago.
Tesla Inc (NASDAQ:TSLA) traded at $313 up 0.7% in afterhours trade, after closing 2.5% lower at $310.76.