In a development that few saw coming, Tesla’s earnings report for the September quarter blew analysts away on all fronts. While many analysts on Wall Street were anticipating yet another quarterly loss, Tesla posted earnings of $1.86 per share. As a point of reference, analysts were expecting a loss in the range of $0.42 per share.
Investors naturally reacted favorably to the earnings report and shares of Tesla have since skyrocketed. In the two weeks since Tesla posted its earnings report, Tesla shares are up by about 80 points, or up 32% to be exact. In turn, Tesla CEO Elon Musk — who apparently has a penchant for holding a grudge — couldn’t help but gloat about Tesla’s stock price in a letter sent to David Einhorn, a hedge fund manager who has long held bearish positions on the company and holds a short position on the stock.
BGR Top Deals:
- The 10 best early Black Friday deals on Amazon right now
- Apple Watch Series 5 just got its biggest discount yet in an early Black Friday sale on Amazon
Trending Right Now:
- PlayStation CEO wants PlayStation 4 owners to upgrade to the PS5 as fast as possible
- Forget Black Friday: iPhone 11 and 11 Pro are on sale right now – here are 3 great deals
- Before they inevitably revolt, watch a bunch of tiny robots play soccer
Elon Musk gloats over Tesla share price, blasts longtime Tesla short seller originally appeared on BGR.com on Fri, 8 Nov 2019 at 21:11:33 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report