Tesla shares experienced a resurgence on Monday, Aug. 3, as investors accelerated last week's post-earnings rally. But ***** ysts at Stifel Nicolaus, one of the biggest Tesla bulls on Wall Street, are going the opposite way.
Since they dipped slightly below the stock's support level at $300, shares have rallied nearly 8% since the session last Wednesday, July 29, including a 3.5% increase to close trading on Aug. 3.
Tesla reported second-quarter revenue of $28.2 billion, a record that topped ***** yst estimates of $27.6 billion. However, the 33 cents per share the company reported missed estimates from ***** ysts polled by Tesla (TSLA), who were expecting 55 cents per share.
So it seems that as Tesla chased volume, delivering 480,126 vehicles, a 25% increase from the same period a year ago, it sacrificed margins to get there. Net income for the quarter fell 17% to $1.15 billion. ***** ysts were expecting net income of $1.27 billion.
Meanwhile, Tesla's results from the first quarter were flipped.
#quarter #shares #last #estimates
Since they dipped slightly below the stock's support level at $300, shares have rallied nearly 8% since the session last Wednesday, July 29, including a 3.5% increase to close trading on Aug. 3.
Tesla reported second-quarter revenue of $28.2 billion, a record that topped ***** yst estimates of $27.6 billion. However, the 33 cents per share the company reported missed estimates from ***** ysts polled by Tesla (TSLA), who were expecting 55 cents per share.
So it seems that as Tesla chased volume, delivering 480,126 vehicles, a 25% increase from the same period a year ago, it sacrificed margins to get there. Net income for the quarter fell 17% to $1.15 billion. ***** ysts were expecting net income of $1.27 billion.
Meanwhile, Tesla's results from the first quarter were flipped.
#quarter #shares #last #estimates
1 month ago
