Tesla stock falls after car maker misses first-quarter estimates

Tesla Inc. posted a wider-than-expected adjusted loss in the first quarter, sending the stock to a 2% decline in the extended session Wednesday.

Tesla TSLA, -1.99% said it lost $702 million, or $4.10 a share, in the quarter, compared with a GAAP loss of $4.19 a share in the year-ago period.

Adjusted for one-time items, Tesla said it lost $494 million, or $2.90 a share, compared with a loss of $3.35 a share a year ago.

Revenue reached $4.5 billion, compared with $3.4 billion a year ago.

Analysts polled by FactSet had expected an adjusted loss of $1.15 a share on sales of $5.4 billion for the quarter.

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