PALO ALTO, Calif. (AP) _ Tesla Inc. (TSLA) on Wednesday reported a loss of $717.5 million in its second quarter.
The Palo Alto, California-based company said it had a loss of $4.22 per share. Losses, adjusted for stock option expense, came to $3.06 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $2.78 per share.
The electric car maker posted revenue of $4 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $3.8 billion.
Tesla shares have fallen slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $300.84, a decline of almost 6 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSLA at https://www.zacks.com/ap/TSLA