Tesla (TSLA +7.0%) is solidly higher after Elon Musk says he has now sold 10% of his stake in the electric vehicle maker to raise funds to pay for new options that have been exercised. Analysts think the update from Musk put the share sale risk issue in the rear-view mirror.
Full Answer
Why Tesla is the most dangerous stock in America?
Mar 28, 2022 · Why did Tesla stock jump today? Tesla (TSLA +7.5%) broke out on Monday after the electric vehicle producer set a shareholder vote next fall for a new stock split.
Why is Tesla stock currently doing so well?
Oct 21, 2021 · Shares of Tesla ( TSLA 0.58%) jumped on Thursday. The growth stock was up 3.3% as of 12:50 p.m. EDT. The stock's gain comes after the company reported better-than-expected third-quarter results ...
Why I decided to buy into Tesla stock?
Apr 11, 2022 · Why Tesla Stock Keeps Falling By Rich Smith - Updated Apr 11, 2022 at 4:30PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Should you buy TSLA stock?
Dec 22, 2021 · Tesla ( TSLA +7.0%) is solidly higher after Elon Musk says he has now sold 10% of his stake in the electric vehicle maker to raise funds to pay for new options that have been exercised. Analysts...
Key Points
Tesla is on pace to easily meet or exceed its vehicle delivery guidance for 2021.
NASDAQ: TSLA
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What happened
Shares of Tesla ( TSLA ) jumped on Thursday. The growth stock was up 3.3% as of 12:50 p.m. EDT.
So what
On Wednesday afternoon, Tesla said its revenue rose 57% year over year to $13.8 billion, driven by a 73% jump in vehicle deliveries. Adjusted earnings per share increased 145% year over year to a record $1.86. These results compare to analysts' consensus forecasts for revenue and adjusted earnings per share of $13.6 billion and $1.59, respectively.
NASDAQ: TSLA
The company's surging sales and robust financial results are particularly impressive considering the current challenging operating environment.
Now what
Importantly, Tesla reiterated its guidance for deliveries to grow at an average annualized rate of more than 50% over "a multi-year horizon." But management warned that its rate of growth will ultimately be dependent on "the successful introduction of many new product and manufacturing technologies in new locations, ongoing supply chain related challenges and regional permitting.".
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