Tesla (NASDAQ:TSLA) reported an EPS of US$2.14 and US$7.3 billion of revenue for Q4 2019, surpassing Wall Street's estimates.
After TSLA trading officially closed on January 29, Tesla released its Shareholder Letter before its Q4 2019 Earnings call.
According to Tesla's Shareholder Letter, the EV automaker reported a total of US$7.3 billion in revenue for the last quarter of 2019. The EV maker also said that it expects positive free cash flow moving forward with some exceptions, including launches and ramp of new products.
Before the release of the Shareholder Letter, Morgan Stanley predicted Tesla would surpass estimates and report a revenue of US$7.31 billion. Based on the general forecast of analysts, Capital IQ predicted Tesla would report a revenue of US$7.05 billion.
Tesla's Shareholder Letter also revealed an adjusted EPS of US$2.14 for Tesla shareholders.
In contrast, Morgan Stanley predicted that Tesla would announce an EPS of US$0.88 on a GAAP basis. Meanwhile, Capital IQ predicted an EPS of US$0.84, based on the common consensus of analysts' forecasts.
Tesla's full Shareholder Letter could be accessed here.
Featured Image Credit: Tesla
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