Tesla Stock Dropped After Stellar Earnings. Great Wasn’t Good Enough.

Electric-vehicle maker Tesla crushed earnings estimates Wednesday evening. Its stock initially popped in after-hours trading, but closed down 5% on Thursday.

That’s a good line. Tesla is the world’s most valuable auto maker now. Sacconaghi’s sentiment was echoed all around Wall Street, as analysts admitted it was a great quarter but asked: Where does the stock go from here? Earnings Quality Tesla sells regulatory credits generated by producing more than its fair share of zero-emission vehicles. It has always sold them and will for years to come. But it sold a lot in the second quarter. Bears think that means the quarter was low quality with respect to earnings.

TradesHaven Can’t wait for Tesla to have a P/E that’s displayed.

I don’t even understand how people can put so much money in a car. You could almost Taxi travel for life at this price.

I guess the numbers weren’t Tesla-esque!

Overvalued!

Priced in

It’s a shitty car, all of them

TSLA hits $1000 before $2000.

Today's the day the Tesla bears had their picnic.

Stellar earnings? Seriously? Buying back credits. Who writes this dribble?

Nothing stellar whatsoever about 100mm in net income whereby without 425mm in government carbon grants received for free (no use of balance sheet) would have shown a 325mm loss. Shorted early this morning and covered near close for the next rip because of headlines like this.

Earnings were not great

not great FYI. you could at least try to live in reality once every so often

This is a terrible headline. $TSLA jumped 100pts on earnings. NDX just dumped in the PM today.

I don’t know about that. The whole market is down. No one needs to worry about Tesla. They’ll be fine.

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