Thursday, July 31, 2014

Tesla Earnings Live Blog (TSLA)

Now down 30 cents at $223 even. meh
At MarketWatch:
    • 3:31 pm
    Let’s see – EPS beat, production beat (8,763 Model S during the quarter, up 16% from first quarter)… Why are Tesla shares up just 0.8%?
    Shares have been fluctuating quite a bit recently, said Efraim Levy, an analyst with S&P Capital IQ. “I wouldn’t read too much into it yet.”
    • 3:27 pm
    Shares are edging higher after hours as Tesla reported second-quarter results that beat Wall Street expectations — adjusted EPS was 11 cents, compared with 20 cents a year ago and expectations around 4 cents. Adjusted net income hit $16 million.