The Tesla stock price today opened down 4% after the company reported an earnings per share (EPS) loss of $0.36 and revenue of $1.1 billion last night. Both of those numbers comfortably beat Wall Street expectations.
Analysts had predicted an EPS loss of $0.50 and revenue of $1.02 billion.
The Tesla stock price today opened down 4% after the company reported an earnings per share (EPS) loss of $0.36 and revenue of $1.1 billion last night. Both of those numbers comfortably beat Wall Street expectations.
Analysts had predicted an EPS loss of $0.50 and revenue of $1.02 billion.
Tesla Motors Inc. (Nasdaq: TSLA) will report Q1 earnings on Wednesday, May 6, after the bell. Analysts predict an earnings-per-share (EPS) loss of $0.50 and revenue of $1.04 billion.
But for the Tesla stock price, it doesn't matter if the company meets those expectations.
At Money Morning, we recommend taking a long-term approach with Tesla stock. Day traders can play TSLA's wild swings, but they are often unpredictable. Any announcement or tweet from CEO Elon Musk will often move TSLA shares several percentage points in minutes.
And that's also a reason to look beyond quarterly earnings...
The Tesla Motors stock price dipped 1% this morning after Chief Executive Elon Musk unveiled a new suite of batteries designed to power homes and businesses.
Tesla Motors Inc. (Nasdaq: TSLA) stock quickly raced to $231.77 after the opening bell, but retreated to $224 by 11 a.m.
The new division of the company will be called "Tesla Energy." The devices that will be installed in homes are coined "Powerwalls."
