Some costly shorts...
Source: Bloomberg
Yesterday was the second biggest jump in Tesla $TSLA stock on record (+22%)
Only May 9, 2013 was bigger: that's when Tesla reported its first ever quarterly profit. Elon added $26BN to his net worth. Source: Bloomberg, zerohedge
𝗧𝗲𝘀𝗹𝗮 𝗤𝟯 𝟮𝟬𝟮𝟰 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 $TSLA
EPS: $0.72 vs $0.60 est. (beat) Revenue: $25.18B vs $25.67B est. (miss) Gross margin: 19.6% vs 16.8% est. (beat) Free Cash Flow: $2.74B vs $1.61B est. (beat) Outlook 2024: - Slight growth in vehicle deliveries - Doubling of energy storage Outlook 2025: - New vehicles start production with more affordable models leveraging current and next-gen platforms - Over 50% growth in vehicle production compared to 2023 Shares: +6.6% after hours Source: App Economy Insights, The Future Investors
JUST IN: Tesla moved another $275 million worth of Bitcoin to new wallets 👀
Tesla has now moved $760 million BTC on Tuesday. What is Elon Musk cooking?
Elon Musk has shown off his “Cybercab” in an eagerly anticipated event for Tesla investors
But was vague on crucial details as he predicted that its self-driving taxi would be available for less than $30,000. Musk said production of the robotaxis was likely to start before 2027, with the caveat that the service needed to be approved by regulators. He also unveiled a prototype for a 20-person autonomous vehicle called “the Robovan”. Since Tesla announced a “robotaxi day” on April 5, its shares have risen 45 per cent in anticipation of the unveiling. Musk has said the new electric vehicles could take the company’s valuation as high as $5tn, about seven times its current market value. Musk has repeatedly missed his own targets to roll out self-driving taxis, first promising fully autonomous rides from Los Angeles to New York by the end of 2017. In 2019, he predicted that 1mn robotaxis would be on the road by the following year. On Thursday, he said unsupervised rides using its self-driving software could be available in Texas and California from next year. Source: FT >>> https://lnkd.in/esX_w5P2
Tesla reports disappointing earnings for second quarter as revenue rises 2%
Tesla reported weaker-than-expected earnings for the second quarter as automotive sales dropped for a second straight period. The stock slid more than 2% in extended trading. $TSLA Tesla Q2 FY24 by App Economy Insights: • Revenue +2% Y/Y to $25.5B ($0.8B beat). • Gross margin 18% (-0.2pp Y/Y). • Operating margin 6% (-3pp Y/Y). • Capex +10% Y/Y to $2.3B. • Free cash flow +34% Y/Y to $1.3B. • Non-GAAP EPS $0.52 ($0.10 miss).
The star of the show this week and it's not even close.
Highest one-week return since January and now green on the year. $TSLA Source: Trend Spider
Tesla is making the comeback of the year...
Tesla, $TSLA, is now the 12th largest public company in the world. Since the April 2024 low, Tesla stock is now up over 80% and has added $350 BILLION in market cap. The stock is also now just 1.5% away from being UP year-to-date after falling nearly 40% in the first 4 months. If $TSLA hits ~$257 per share, it will be one of the top 10 largest public companies in the world. Just 2 months ago, Tesla briefly fell off the top 20 list as worries over the EV market arose. Source: Kobeissi Letter
