Tesla shares pop over 10% on 'better than feared' earnings results, demand outlook

"Thus far in January we've seen the strongest orders year-to-date than ever in our history. We're currently seeing orders of almost twice the rate of production," Tesla CEO Elon Musk said on an investor call Wednesday. Tesla reported automotive revenue of $21.3 billion in the fourth quarter and adjusted earnings per share of $1.19.. "Something for bulls... and bears," the headline from Bernstein's Thursday morning report read.

"Better than feared," wrote Canaccord Genuity analyst George Gianarikas in a Wednesday night note. Canaccord maintained its buy rating with a $275 price target.Tesla did not issue new guidance, but noted in its earnings release that it planned "to grow production as quickly as possible in alignment with the 50% compound annual growth rate target we began guiding to in early 2021.

Is it possible for CNBC to go 8 hours without mentioning something about Elon Musk? A million business stories in the world, but CNBCElon is too busy eternally platforming the guy.

“feared”

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Tesla earnings will be 'most important' in history, Tesla bull saysTesla is slated to report fourth-quarter earnings after the bell Wednesday, and a known Tesla bull is calling the report "one of the most important in... Boycott Tesla Wow! $1.13? Things are really bad for Tesla!
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