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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
Posted by shel311
McKinney, Texas
Member since Aug 2004
111151 posts
Posted on 4/25/19 at 11:51 am to
quote:

Tesla posts massive 702 million dollar loss in first quarter

Is that bad? That sounds bad.
quote:

Tesla stock dipped slightly after earnings were released, but later edged back to even.
I don't know shite about stocks, is that normal? Results were twice as bad as expected but didn't really affect stock price?
Posted by castorinho
13623 posts
Member since Nov 2010
82062 posts
Posted on 4/25/19 at 11:59 am to
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?

earnings season is weird. Stocks react differently to similar results.
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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