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re: Tesla posts massive 702 million dollar loss in first quarter
Posted on 4/25/19 at 11:51 am to WoWyHi
Posted on 4/25/19 at 11:51 am to WoWyHi
quote:Is that bad? That sounds bad.
Tesla posts massive 702 million dollar loss in first quarter
quote:I don't know shite about stocks, is that normal? Results were twice as bad as expected but didn't really affect stock price?
Tesla stock dipped slightly after earnings were released, but later edged back to even.
Posted on 4/25/19 at 11:59 am to shel311
quote:earnings season is weird. Stocks react differently to similar results.
I don't know shite about stocks, is that normal? Results were twice as bad as expected but didn't really affect stock price?
For example iRobot (makes the roomba) posted a mixed bag of results on Tuesday evening and the stock has been down almost 25% since. And their results were much better than what tsla showed.
Now, keep in mind that Tesla was already down 30% this year, which coupled with the overall market run can be described as a net ~50% negative. So that plays into it. Meaning, even they missed badly, people already kind of had that factored in.
But yeah in a vacuum, you post results like what they did, and you should drop way more than the 3% they're down right now.
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