7 – 20% CORRECTION IF EARNINGS DO NOT MEET LOFTY EXPECTATIONS
Earnings
Please click here for a chart of Tesla (TSLA).
Note the following:
- The Morning Capsule is about the big picture and not about an individual stock. The purpose of the Tesla chart is not to talk about TSLA but to illustrate the big picture.
- Tesla reported earnings better than the consensus and better than the whisper numbers.
- Tesla had its strongest order booking in the company’s history during the first quarter. This is remarkable because the first quarter is usually weak.
- TSLA made more money from bitcoin and selling regulatory credits than selling cars. TSLA had a pre-tax income of $533 million.
April 27, 2021