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
- Global QE and the Gold Price | Financial Sense
- Crude Oil Prices Are Spiking (Again) | ZeroHedge
- Early Warning Signs | ZeroHedge
- Q4 Annualized GDP Misses, Tumbles To 2.6% From 5.0%; Surging Personal Consumption Pulled Forward From 2015 | ZeroHedge
- Ukraine Is "Pressing" Obama For $3 Billion In Financial Aid | ZeroHedge
- But, Can A Frog? | iBankCoin.com
- The Death Of The American Dream In 22 Numbers | ZeroHedge
The most relevant financial news and articles from the Internets
- Top comics festival honours Charlie Hebdo in France | Business Insider
- E-Commerce Is Finally Disrupting... | Business Insider
- The iPad has hit a wall | Business Insider
- A man took out 10,000 dollar bills to show his kids how much money he makes... | Business Insider
- Serena sets up dream Slam final with Sharapova | Business Insider
- There is a now a video game that lets you assemble Ikea furniture | Business Insider
- India head for winless tour after further batting failure... | Business Insider