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re: Tesla posts massive 702 million dollar loss in first quarter
Posted on 4/24/19 at 6:21 pm to WoWyHi
Posted on 4/24/19 at 6:21 pm to WoWyHi
quote:
Wall Street was already bracing for what one analyst called an "apocalyptic" results — but the results were still far worse than expected.
While the company has posted big losses of this size before, analysts surveyed by Refinitiv predicted that Tesla (TSLA) would be about $301 million in the red for the quarter. The actual number was more than double that amount.
Tesla stock dipped slightly after earnings were released, but later edged back to even.
How many companies can lose twice what the analysts predicted and have no net negative impact on the stock price?
This post was edited on 4/24/19 at 6:23 pm
1
Posted on 4/24/19 at 9:56 pm to member12
quote:Most people buying TSLA are doing it for the long haul. Short term losses are nearly meaningless as long as the company is still operating.
How many companies can lose twice what the analysts predicted and have no net negative impact on the stock price?
Most people buying TSLA realize that it is first and foremost a tech company. It just happens to sell vehicles.
Most people buying TSLA recognize that they are digging deeper and wider moats on multiple fronts. Battery tech and production, a network of rapid charge stations, autonomous vehicle tech, on-premises energy generation and storage.
Most people buying TSLA realize that they are buying future potential rather than present dividends.
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