The notable US based electric car maker Tesla Motors Inc (NASDAQ:TSLA) surprised the investors on Wednesday after it reported better than expected quarterly results. The company reported first quarter earnings of 15 million US dollars and marked an earnings per share of 13 cents.
Analysts expected the company to post EPS around 4 cents a share. In the previous quarter the revenue was 30.2 million US dollars that surged to 561.8 million US dollars. Company said it sold about 5,000 Model S electric vehicles during the first three months of 2013.
Previously the company set its sales target of 20,000 Model S for the year but now has hoisted it to 21,000 Model S vehicles. Following the quarterly report Tesla shares soared nearly 17 percent in after hours trading to 65.5 US dollars a share. Tesla executives said the surging demand for electric cars helped company beating the estimates.
Stock of Tesla Motors Inc (NASDAQ:TSLA) advanced 0.50% in last trading session and is closed $ 55.79 with traded volume 3.65 million shares, in premarket TSLA stock surged 19.20%.
Tesla Motors Inc generated income of -396.21M million in last twelve months and sales of $413.26 billion.
Analytic Ratios; Price to sales ratio of TSLA in past twelve months was calculated as 15.57 and price to cash ratio as 31.87. TSLA return on equity ratio is recorded as -227.22% and its return on assets is -43.36%.