Tesla Stock $1,000 Per Share? Tesla Crushes Earnings Estimates

Tesla Stock $1,000 Per Share? Tesla Crushes Earnings Estimates. Tesla TSLA, +2.49% said it earned $105 million, or 56 cents a share, in the fourth quarter, compared with $140 million, or 78 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $2.14 a share, compared with $2 a share a year ago.

Revenue rose 2% to $7.4 billion, compared with $7.2 billion a year ago.

Analysts polled by FactSet had expected the car maker to report adjusted earnings of $1.77 a share on sales of $7 billion.

The after-hours share surge continued as Tesla hosted its conference call with investors, and a mention of potential delays in the Model 3 production in Shanghai due to the deadly coronavirus did nothing to temper investors’ enthusiasm.

Tesla Chief Financial Officer Zach Kirkhorn said during the call that Tesla is expecting “a one- to one-and-a-half-week delay in the ramp of Shanghai-built Model 3 due to a government-required factory shutdown” related to the virus.

Tesla Stock Is The Most Shorted Stock On Earth| Tesla Is The Most Shorted Stock On The Stock Market. There is currently $14 billion dollars betting against Tesla. Tesla short sellers have had their stock portfolios blown up recently as the share price has been surging. There is still over 23 million shares that are short on the stock market. Big money, and hedge funds are still short the stock and betting on lower prices, but this has created a phenomenon where the stock continues to surge.

Even the media has shifted their perspective on Teslas outlook and fundamentals. Even the media is now flipping the script on what Elon Musk has accomplished, and where Tesla stock is headed in the future. Clearly Tesla stock is headed higher as more and more shares are bought to cover on the stock market.

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