Tesla Reports Surprise Profit Sending Stock up 20%

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  • #22258
    Super Harley
    Participant

    Electric vehicle and storage company Tesla reported a…

    [article]1787[/article]

    #22265
    Truman
    Participant

    The same report seemed to come out of Tesla last year all of a sudden a surprise profit and this was on lower revenue etc – smells fishy and an attempt to crush shorts – which it did.

    #22269
    ClemSnide
    Participant

    Analysts getting all bulled up….

    “While we remain concerned on 2020 momentum / profitability, we acknowledge this was an outstanding quarter relative to lowered expectations despite mixed headwinds which we expect could increase as Model Y launches.” analysts at Evercore ISI said.

    #22270
    ClemSnide
    Participant

    Bernstein.analyst Toni Sacconaghi

    “The +20% move in the aftermarket likely says it all, but Q3 was a good quarter for Tesla,”

    But

    “We worry that Tesla’s 2H 19 is currently shaping up to look a lot like the company’s ebullient 2H 18, when the stock last peaked at $370. The fear, however, is that Tesla’s subsequent 1H 20 may look like the disastrous 1H 19, when the stock troughed at $190,” he said.

    #22271
    ClemSnide
    Participant

    JP Morgan

    “We expect a positive reaction in Tesla shares owing to the magnitude of 3Q beat, but are unsure that this is really the breakout quarter that is likely to be claimed by bulls”

    #22298
    ThePitBoss
    Participant

    Barclays maintained Tesla its Underweight rating, but the firm did raise its target price to $200 from $150.

    Tesla Inc. (NASDAQ: TSLA) closed up 17.6% at $299.68 on Thursday

    #22367
    ThePitBoss
    Participant

    Tesla Inc. $TSLA maintained as Equal Weight but target price raised to $250 from $230 at Morgan Stanley.

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