Re:Tesla Financial Results 2019 Q4
by csomar on Wednesday January 29, 2020 @05:19PM
(#22186550)
People shorted the stock expecting the company and Elon will go under. They didn't go under and this Q4 despite not being spectacular in any number is "beating the market expectations" because the market expected the company not to continue operations.
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Re:Tesla Financial Results 2019 Q4
by adventured on Wednesday January 29, 2020 @05:28PM
(#22186647)
> because the market expected the company not to continue operations.
The market did not expect the company to cease operations and that was particularly not the expectations baked into this quarterly result (the bar Tesla had to jump over this quarter). A small group of agitator shorts pushed that narrative, which very little of the market actually believed as witnessed by Tesla's persistently outsized market value (pre rally it was still worth more than Ford).
Companies the size of Tesla don't trade with $40-$50 billion market caps when the market actually thinks they're going to stop operating soon.
No? The market expectations were a EPS if 1.76 this quarter. Tesla best that, but acting like the market expected them to go under is ridiculous. At the beginning of 2019, the Wall Street consensus was a profit of close to $400 million for the year. They lost $800 million.