TSLA

Tesla Inc

Global Markets

Here's What the Media Is Ignoring About TSLA'S Sketchy Earnings

Just as we expected, Tesla Inc (NASDAQ: TSLA) reported a net loss for the fourth quarter and ran through about $1 billion of cash.

Bizarrely, the financial media has chosen to focus on the fact that TSLA slightly beat analyst estimates, and on the inexplicable fact that the stock rose 3% in after-hours trading following the report. (Sample rosy headlines include "Tesla reports smaller loss than expected, beats on revenues" and "Tesla Inc. Earnings: Sales Soar, and Model 3 Is Coming.") They're also salivating over Musk's promise to release the all-electric Model 3 on schedule this summer. (Fat chance.)

The media sycophants are completely ignoring the actual numbers, of course.

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