Tesla’s last few earnings were relatively uneventful, but next’s week results are shaping up to be quite interesting. Not only because Tesla managed to achieve a record number of deliveries last quarter, but also because of the peculiar action around the company’s stock leading up to the earnings, which are set to be published on February 10. expand full story
Wall Street Stories February 3, 2016
Wall Street Stories August 4, 2015
Tomorrow, Tesla will release their financial results for the second quarter of 2015. Due to their recent policy change of disclosing Model S deliveries right after the end of quarter, the company already confirmed record deliveries of 11,502 cars. The Model S being by far the main source of revenue for Tesla, there shouldn’t be too much of a surprise on the revenue side, but let’s take a look at what to expect: expand full story
Wall Street Stories December 3, 2013
Last night after the market closed Tesla disclosed that the German Federal Motor Transport Authority (KRAFTFAHRT-BUNDESAMT) cleared Tesla of manufacturer-related defects in the three fires in recent months. “Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary.”
The assumption on Wall Street is that if the German Motor Transport Authority cleared Tesla, so would the NHTSA. German automotive standards are generally considered more stringent (and efficient) than that of the US.
Analysts jumped on the news and dialed the stock up. The market responded with a 20 point gain after opening up 6 points and steady growth throughout the day.
Analyst’s words follow: expand full story