Tesla posted a loss of $1.06 per share on revenue of $1.56 billion. Analysts were looking for a loss of $0.52 per share on sales of $1.62 billion. Last year, Tesla lost $0.48 a share on sales of $1.2 billion in its second quarter. As for details, Tesla delivered fewer cars in Q2 than originally planned as a result of its steep production ramp, which resulted in almost half of Q2 production occurring in the final four weeks of the quarter. Looking ahead, Tesla says production and demand are on track to support deliveries of approximately 50,000 new Model S and Model X vehicles during the second half of 2016.
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