Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

'It comes down to execution': Here's what Wall Street is saying about Tesla

Graham RapierAug 3, 2017, 20:52 IST

Elon Musk poses with a Tesla car in front of Nasdaq after its IPOAP PhoAP Photo/Mark Lennihan

Tesla reported a smaller than expected loss on Wednesday afternoon, just three days after the much anticipated launch of its luxury Model 3 sedan, which it says 455,000 people have pre-ordered.

The electric-car maker lost an adjusted $1.33 per share on revenue of $2.79 billion. Analysts had forecast a loss of $1.88 per share on $2.51 billion in revenue, according to Bloomberg.

In total, Tesla burned through $1.16 billion in cash last quarter, up $44 million from the previous year.

Tesla's stock jumped 6% on the earnings beat, opening Thursday at $345.33. But many analysts aren't convinced the company can keep the price that high.

Here's a wrap of some of their commentary: