Tesla posts $19.34 billion in revenue for Q1

Tesla announced its first-quarter results on Tuesday after Wall Street closed. Earnings and revenue fell short of expectations, with adjusted earnings per share of 27 cents, compared to 39 cents forecast by LSEG.

Revenue reached $19.34 billion, compared to $21.11 billion forecast by LSEG.

Tesla shares gained 0.16% to trade at $238.34 after hours, according to the report.

For the year, Tesla shares have traded down 41%, underperforming the S&P 500, which is down 10.14% this year.