Tesla recorded automotive gross margin excluding regulatory credits of 14.65% in the second quarter, compared with estimates of 16.29%, according to 20 analysts polled by Visible Alpha.
Shares of the electric-vehicle maker were down about 4% in trading after the bell.
The company on Tuesday reported revenue of USD 25.50 billion for the three months ended June, compared with USD 24.93 billion a year earlier. Analysts on average had estimated USD 24.77 billion, according to LSEG data.
Net income was USD 1.48 billion in the second quarter, compared to USD 2.70 billion a year ago.
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