Despite record gains, Tesla stocks fall as base coins rise
Tesla did not offer a specific estimate for vehicle deliveries in 2021, and when CEO Elon Musk said the company's demand for electric vehicles was much higher than before, without a large number, investors were flocking
.Tesla Inc. Made record profits in the first quarter, overcame the shortage of an industrial chip, improved its manufacturing and also made money from Bitcoin.
And while shares of the EV maker still fell 4.3% in early trading on Tuesday, a sign of high expectations, Tesla now claims after an eight-fold increase in the stock last year. Between analysts' leaps and bounds: Tesla does not offer specific estimates for vehicle delivery in 2021
Chief executive Alan Musk is pushing to increase production in the power generation market and maintain Tesla's dominance, but is moving ahead in a competitively aggressive manner. Muscat said Monday's demand was much higher than before, but without the numbers, investors left.
"It's all good, but there's not a lot of news and it wasn't blown away," said Jean Munster of Loop Ventures. "Everything happened that people thought would happen."
Tesla pulled a new lever on juice earnings in the quarter, selling 10% of its bitcoin holdings to million 101 million.
Profits from cryptocurrencies and sales of regulatory credits and tax benefits contributed about 25 cents to Tesla's adjusted earnings per share of 93 cents, allowing Carmaker to beat Wall Street's 80% average breast estimates, Dan Levy said. Wrote an analyst at Credit Suisse. In a note Monday.
NO 1 electric car in the world
ReplyDeleteThis comment has been removed by the author.
ReplyDelete