NEW YORK (TheStreet) -- Tesla Motors (TSLA) - Get Report was a major mover in after-hours trading on Thursday after the electric car maker reported second-quarter results that beat analysts' expectations.
Tesla reported earnings of 11 cents a share on revenue of $857.5 million, while analysts had expected earnings of 4 cents a share on revenue of $810.61 million.
Tesla said it delivered 7,579 vehicles in the second quarter, slightly more than its forecast of 7,500. The company also said it plans to make 9,000 cars in the current quarter.
Separately, TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."
You can view the full analysis from the report here: TSLA Ratings Report
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.