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
- Great Big Fat Greek Expectations | ZeroHedge
- Mario Draghi's "Q€ Unleashed" ECB Press Conference - Live Feed | ZeroHedge
- ISM Manufacturing Index: Slowest Growth in Thirteen Months | Financial Sense
- Nasdaq 5,000 Is Different This Time... But Not In A Good Way! | ZeroHedge
- "Patient" - What's In A Word? | ZeroHedge
- Cushing and Gulf Coast Storage Filling Up Fast | ZeroHedge
- Global Bond Yields & Crude Tumble As EURUSD Tests 1.10 | ZeroHedge
The most relevant financial news and articles from the Internets
- Here's Mark Zuckerberg's one tip for hiring employees (FB) | Business Insider
- US ambassador attacked in Seoul | Business Insider
- Salesforce CEO Marc Benioff: Working at Oracle gave me a... | Business Insider
- A simple explanation for why it's poor form to wear a wristwatch with a tuxedo | Business Insider
- One of Britain... | Business Insider
- British smartphone brand Kazam talked to us about the awful couple of weeks it... | Business Insider
- You won't be able to calculate how much money you'll need for retirement... | Business Insider