Ticker delayed 20 minutes
Avg Daily Volume: 11,855,749 Market Cap: 101.81B
Sector: Consumer Goods Short Interest: 19.47
THIS QTR: EPS: 1.72/share REV: 7,020/M
LAST QTR: EPS: -.42/share ACTUAL: 1.86/share (BEAT)
NEXT QTR: EPS: .77/share REV: 6,730/M
FULL YR: EPS: -.45/share REV: 24,470/M
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS RECORD: 32% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 19.73, -14.84, -4.8
EXPECTED JUMP MOVE: 10-12%
Links To Latest News and Headlines
Futures fell as the U.S. said Russia and Iran are attempting election interference. Tesla stock rose late on earnings, while two leaders signaled breakouts.
The fifth-straigtht quarter of profit and sales has triggered one upgrade for the stock by Baird analysts, who downgraded to neutral early in the year.
TSLA earnings call for the period ending September 30, 2020.
Shares of Tesla jumped 3.2% in Wednesday's extended market trading after the electric car maker crushed 3Q expectations for both earnings and revenues. The company's 3Q EPS surged 105% to $0.76 year–on-year, marking the fifth consecutive quarter of profits. Analysts had forecast EPS of $0.56 for the quarter.Tesla’s (TSLA) 3Q revenues jumped 39% to $8.8 billion, exceeding the Street consensus of $8.3 billion. The company said quarterly revenues reflect “substantial growth in vehicle deliveries as well as growth in other parts of the business.” Tesla delivered 139,300 vehicles during the quarter.Tesla’s CEO Elon Musk said that “Q3 was our best quarter in history.” He added “We continue to grow as fast as we can while focusing on cost control and quality.”The company reaffirmed its goal of delivering 500,000 cars in 2020 and said “Achieving this target depends primarily on quarter over quarter increases in Model Y and Shanghai production, as well as further improvements in logistics and delivery efficiency at higher volume levels.” (See TSLA stock analysis on TipRanks).Following the 3Q results, Wedbush analyst Daniel Ives maintained his Hold rating on the stock with a price target of $500 (18.3% upside potential). The 5-star analyst said that the adjusted EBITDA margin expansion of 340 basis points in 3Q “speaks to a business model that continues to have significantly lower costs and more production efficiency even in the face of challenging circumstances globally given COVID-19.” Ives also said “This sustained level of profitability is key for the bulls,” despite the uncertain COVID-19.With shares up 405% year-to-date, the rest of the Street remains sidelined on the stock. The Hold analyst consensus is based on 13 Holds, 7 Buys and 10 Sells. That's with an average price target of $333.65 implying 21.1% downside potential is lying ahead.Related News: Tesla 3Q California Car Registrations Slip 13% – Report KeyCorp’s Profit Rises As Credit Loss Provisions Drop 20% Pentair Raises 2020 Outlook As Pool Sales Rise; Shares Gain 4% More recent articles from Smarter Analyst: * AstraZeneca Covid-19 Brazil Trial To Continue After Volunteer Dies – Report * Lam Research's 1Q Sales Soar 47% On Strong Chip Demand * Evercore Hikes Dividend After Profit Beat; Shares Rise 6% * Brightcove Pops 12% After Record Sales Quarter; Street Says Buy
General Motors Co said it has sold out the first year’s worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveal on Tuesday. The GMC website showed a “reservations full” banner over the Hummer EV “Edition 1,” due to start production in the fall of 2021. The least expensive Hummer EV, starting at $79,995, is scheduled to go into production in the spring of 2024, GM said.
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.