It’s not an overstatement to say that Tesla’s earnings report this week was jaw-dropping. With analysts expecting the electric automaker to post a quarterly loss, Tesla posted a profit of $1.91 per share. Suffice it to say, analysts were completely caught by surprise.
“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,” an Evercore ISI analyst said of Tesla’s earnings report. Other analysts, meanwhile, echoed that sentiment.
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Tesla just beat GM to become the most valuable car company in the country originally appeared on BGR.com on Fri, 25 Oct 2019 at 18:03:06 EDT. Please see our terms for use of feeds.
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