Tesla: quarterly results welcomed in the end
(CercleFinance.com) - Tesla shares were expected to fall, although finally rose on Thursday morning following the publication of solid quarterly results, which prompted analysts to raise their targets.
The announcement of slightly-lower-than expected revenues resulted in some profit taking in early trading exchanges, in particular given the strong rise in the share price recently.
In a statement released last night, the electric vehicle maker reported a "record" Q3 net profit of over 2 billion dollars on sales that rose 57% to 13.75 billion dollars.
This was below the market's expectations of 15.1 billion dollars.
However, half an hour after the opening bell, Tesla's shares were up over 2%, bringing their rise to almost a third (over 32%) over the past three months.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The announcement of slightly-lower-than expected revenues resulted in some profit taking in early trading exchanges, in particular given the strong rise in the share price recently.
In a statement released last night, the electric vehicle maker reported a "record" Q3 net profit of over 2 billion dollars on sales that rose 57% to 13.75 billion dollars.
This was below the market's expectations of 15.1 billion dollars.
However, half an hour after the opening bell, Tesla's shares were up over 2%, bringing their rise to almost a third (over 32%) over the past three months.
Copyright (c) 2021 CercleFinance.com. All rights reserved.