Tesla shares Jump 27%
Today is all about Tesla Motors (TSLA). The beat the street and the shorts are being pounded. Tesla shares are up 27% today, now trading above $70 for a new 12 month high.
We told you last week to Buy in May and Walk Away (TSLA, BCC, SPLV), Tesla made the cut. Tesla finally posted a profit, the gamble paid off and it's a big slap in the face to Ford (F), General Motors (GM) and everyone else who has been in the auto business forever.
Expect all the analysts to jump on board and post new price targets because they have been proved wrong. Annoying. Congrats to all who believed in the company and won on the earnings call.Tesla posted Q1 earnings per share of 12 cents, that beat the street estimates of 8 cents. Revenue was more impressive, jumping 16% year over year to $563 million. That was a beat by $63 million.
Looking ahead in Q2, Tesla will deliver around 4,500 vehicles in North America. The company believes it will exceed its full year 20,000 vehicle delivery estimate. Shares of Tesla continue to rise, they should close over $70 and touched $71.90 thus far today.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Late Night Strategy for Thursday | iBankCoin.com
- Argentina Stuns Bondholders With Scorched-Earth "Cramdown" Plan | ZeroHedge
- A Relatively Prompt Time to Reassess | iBankCoin.com
- Dropping Oil Prices Threaten Moscow’s Budget | Financial Sense
- Get Your Hurricane Plays Ready | iBankCoin.com
- Top Pick(s) This Week | iBankCoin.com
- JacKSoNHoLe 2014... | ZeroHedge
The most relevant financial news and articles from the Internets
- This Map Explains Why The War In Gaza Is Unlikely To Restart Any... | Business Insider
- 4 Reasons Sears Is Headed Straight For Death | Business Insider
- Reasons to Sell Google, Wells Fargo, Tibco, LKQ, SL Green Realty Now | TheStreet.com
- How Wi-Fi Could Revolutionize The Way We Use The Web | Business Insider
- GlobalPost CEO: The Islamic... | Business Insider
- Streetinsider.com's Hot... | StreetInsider.com
- SAP Invests $500 Million To Go After Enterprise Market In Africa... | Business Insider