Unfortunately the estimate was for a loss of $0.52... Tesla reported a loss of $1.12 per share on revenue of $6.3 billion(also missed revenue estimate of $6.4 billion). Revenue did grow by almost 60%. The totally believable shareholder letter said the company expects positive GAAP earnings in the 3rd quarter, consensus estimates are for $0.27 … Continue reading Tesla Doubles Estimate!
Tesla was one of the few stocks in positive territory today after investors actually believed an internal email from Musk saying “Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history!” This after the stock took … Continue reading Tesla on the Rise
Abiomed reported before the bell and investors aren't happy. Although they matched $1.07 per share, revenue fell short $207.1 M vs $216.4 M. The whisper number was $1.10. They also put out lower expectations than consensus, $900-945 M vs $981.6 M estimate. The other big loser today is Fluor . They reported a loss of … Continue reading Earnings Update & Tesla