Current Events > Tesla loses more money than it ever has and share price jumps 11% after hours

(+) Yeah! (+)

Meanwhile Facebook beats expectations, has over 40 billion in cash and no debt and plummets 20%. Investor behavior baffles me sometimes.
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Intel earnings beat their target by 8 cents and their share price plummeted almost 8% in one day. Sometimes all signs point to manipulation.

www.bloomberg.com/amp/news/articles/2018-08-01/tesla-second -quarter-loss-misses-analysts-estimates-shares-fall

Compared with Facebooks problems. It makes sense to me TBH. It's obviously speculative but so is anything legit.

Had to break up link.
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Zeeak4444 posted...

www.bloomberg.com/amp/news/articles/2018-08-01/tesla-second -quarter-loss-misses-analysts-estimates-shares-fall

Compared with Facebooks problems. It makes sense to me TBH. It's obviously speculative but so is anything legit.

Had to break up link.

Here you go
https://bloom.bg/2LMQnW0

BWLurker posted...

Zeeak4444 posted...

www.bloomberg.com/amp/news/articles/2018-08-01/tesla-second -quarter-loss-misses-analysts-estimates-shares-fall

Compared with Facebooks problems. It makes sense to me TBH. It's obviously speculative but so is anything legit.

Had to break up link.

Here you go
https://bloom.bg/2LMQnW0

Thank you, I'm terrible with this stuff lol.
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Zeeak4444 posted...

www.bloomberg.com/amp/news/articles/2018-08-01/tesla-second -quarter-loss-misses-analysts-estimates-shares-fall

Compared with Facebooks problems. It makes sense to me TBH. It's obviously speculative but so is anything legit.

Had to break up link.

Why? Cause daily users have plateaued? That doesn't tell me anything I haven't known for years. Facebook isn't cool anymore. Instagram on the other hand......

And Facebook is in the very early stages of monetizing Instagram and WhatsApp, should be huge revenue growth from those for years to come.
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As for tesla, I wouldn't be so shocked if tesla were actually trading at a level that it should be and spiked 11%, but that stock is so grossly overvalued as it is already.
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The electric car company said it lost more than $717.5 million in the second quarter. But it ended up with $2.2 billion in cash at the end of June. That meant Tesla burned through $430 million worth of its cash stockpile last quarter as it finally hit production targets for the Model 3 sedan, which is much less than many expected


https://money.cnn.com/2018/08/01/news/companies/tesla-earnings-walkup/index.html

That's why it went up. Investors expected even more cash burn. So when the news came out, the share price quickly jumped up to reflect the new information.
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Tesla stock makes no sense.

Doesn't even give any dividends
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Damn_Underscore posted...

Tesla stock makes no sense.

Doesn't even give any dividends

Tesla doesn't even turn a profit. They couldn't pay a dividend if they wanted to.
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Sativa_Rose posted...

The electric car company said it lost more than $717.5 million in the second quarter. But it ended up with $2.2 billion in cash at the end of June. That meant Tesla burned through $430 million worth of its cash stockpile last quarter as it finally hit production targets for the Model 3 sedan, which is much less than many expected


https://money.cnn.com/2018/08/01/news/companies/tesla-earnings-walkup/index.html

That's why it went up. Investors expected even more cash burn. So when the news came out, the share price quickly jumped up to reflect the new information.

I guess man. All I knowis if that long awaited recession hits companies like tesla are going to get hammered. Seems super risky for my tastes.
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Pretty sure that most investors know that Tesla is a house of cards in the breeze and are just engaging in classic pump-and-dump behavior so the shorts can profit handsomely.