BUZZ-Tesla rises after Q1 gross margin beats estimates

Reuters

04-23

BUZZ-Tesla rises after Q1 gross margin beats estimates

** Tesla TSLA.O shares rise 1% to $240.14 in extended trading

** The electric automaker beat first-quarter total gross margin estimates as sales in its more profitable segments - services and energy storage - registered strong growth

** Total Q1 gross margin of 16.3% in Q1 vs estimates of 15.82%- LSEG

** Co misses estimates for Q1 revenue; reported revenue of $19.34 billion vs analysts' average estimate of $21.11 billion

** Analysts' average rating for TSLA is "hold"; their median PT is $302.50- LSEG

** TSLA down ~41.1% YTD

(Reporting by Arsheeya Bajwa in Bengaluru)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

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