Shares of Tesla (NASDAQ:TSLA) fell in after-hours trading after the company reported earnings for its second quarter of Fiscal Year 2023. Earnings per share came in at $0.91, which beat analysts’ consensus estimate of $0.80 per share.
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Sales increased by 47.3% year-over-year, with revenue hitting $24.93 billion. This beat analysts’ expectations by $200 million. In addition, Tesla confirmed that it delivered 466,140 vehicles, which equated to a new record.
Overall, Wall Street has a consensus price target of $241.15 on TSLA stock, implying 17.2% downside potential, as indicated by the graphic above.
