Tesla Shares Inc Move Higher Despite Huge Earnings Miss

0
Tesla Shares Inc Move Higher Despite Huge Earnings Miss
Blomst / Pixabay

Tesla Motors released its earnings report tonight after closing bell, posting adjusted losses of 87 cents per share, compared to the consensus of 16 cents per share, and revenue of $1.75 billion, against the consensus of $1.85 billion. In the fourth quarter of 2014, the automaker reported adjusted losses of 13 cents per share and revenue of $1.1 billion.

Shares of Tesla edged higher by as much as 3.66% to $148.93 in after-hours trades. The stock has plunged by more than 38% so far year to date, significantly underperforming the S&P 500 Index. It seems management’s positive commentary in tonight’s shareholder letter struck a chord with investors.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

Tesla se