Tesla spikes on earnings beat, says Model Y production underway

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The company has already reported deliveries of 112,000 vehicles globally during the fourth quarter, a quarterly best for Tesla.

Here's how the company did versus expectations:$7.38 billion versus $7.02 billion, expected according to Refinitiv.

Tesla said it expects positive cash flow and net income on a continuing basis going forward, with possible exceptions as it launches and ramps up production for new products. The company's automotive gross margins were down slightly year-over-year and sequentially at 22.5% for the quarter. The company said it had already begun a production ramp for Model Y, its newest crossover SUV, at its Fremont, California car plant. The company also has plans to build the Model Y eventually at a factory it plans to build in Brandernburg, Germany in 2021.This photo of a production version of Tesla's Model Y was included in the company's Q4 2019 earnings report.

 

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Like GM.

Lol...these fools keep asking those question since 2010...maybe its an oil company, value Tesla like Chevron

GM is a real company. Facebook is analogous to trading options.

for bitcoin updates give me a follow.

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