Tesla revenue for Q1 tops Wall Street forecasts

Shares of Tesla Motors were up more than four per cent in after-hours trading as the company posted higher revenues in the first quarter than analysts had been expecting. The Palo Alto, Calif.-based electric car maker posted revenue of $1.6 billion US in the period. Six analysts surveyed by Zacks expected $1.59 billion. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.