Tesla Motors reported second-quarter earnings and revenue that beat analysts' expectations on Thursday, on a non-GAAP basis, but it lost more than $61 million on a GAAP basis, sending shares lower in after-hours trading.
The electric car maker posted second-quarter earnings per share of 11 cents, excluding items, compared to 20 cents a share a year ago. Revenue for the quarter came in at $858 million, against the year-ago figure of $552 million.
Wall Street analysts were expecting Tesla to post earnings, excluding items, of 4 cents per share on $811 million in revenue, according to a consensus estimate from Thomson Reuters.
On a GAAP basis, Tesla reported a loss $61.9 million, or 50 cents a share, during the quarter, with revenue climbing to $769.3 million.
The California-based firm said it delivered 7,579 Model S vehicles and produced 8,763 of the cars in the second-quarter.