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 ( using data from Zacks Investment Research. Access a Zacks stock report on TSLA at

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