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Tesla's share falls after the company misses earnings in the fourth quarter



Shares Tesla Inc.

TSLA, + 3.80%

fell by more than 2% at an extended session Wednesday after Silicon Valley's car maker had lower than expected expectations in the fourth quarter but sales came to the above forecasts and the company announced it would expect its production of model 3 to reach "Sustainable" production by the end of the year "of 7,000 vehicles per week." Tesla said he had earned $ 139 million or 78 cents per share, compared to $ 675 million or $ 1.75 per share last year. Adjusted for one-off items, Tesla earned $ 1.93 per share, compared to a loss of $ 3.04 a year ago. Revenues rose to $ 7.23 billion, compared to $ 3.29 billion a year ago. Analysts investigated by FactSet expected a $ 2.23 profit adjusted for $ 7.12 billion. Shares were on a regular day at 3.8%.

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