I guess that's one way of saying Tesla beat revenue and earnings expectations. Stock price went up 3% in after-hours trading.
cmsj•1w ago
When you absolutely, positively, must find a nice thing to say about Tesla, yes, their 11% revenue decline - their second year in a row of revenue decline, was indeed slightly less bad than analysts expected...
brokensegue•1w ago
analysts are kinda irrelevant when a stock isn't connected to fundamentals anyways
Analemma_•1w ago
11% revenue decline during a year where the global EV market grew 20% [0]. That's just abysmal, especially for a company which was once the only game in town if you wanted a "serious" EV.
I guess in this case it’s the Apple that dominated an emerging market, then fumbled it and completely lost the market to the IBM PC and ended up as a bit player for the next two decades.
r00fus•1w ago
Except Apple ditched their firebrand founder to fumble it all. In Tesla's case they are tied to the hip of their "founder" and are fumbling it.
Stonk still high though so...
verdverm•1w ago
I read "beating" more like ICE tactics then coming out ahead of a prediction, seems perhaps more accurate
rconti•1w ago
Bad news that is priced in is still bad news.
The meta-commentary of the bad news being priced in, and the behavior of the stock post-earnings is absolutely useful information and valid analysis, but it's not the key takeaway unless you're a day trader.
wat10000•1w ago
Who cares how it compares to expectations? So some experts thought it would be even worse. Why do I care what they thought? A massive drop in profits is much more relevant.
indubioprorubik•1w ago
Tesla is stock is great. Not because its great. But because its a optin for people, who cant opt out on a system, that opted out on them. Its like the only "fast-forward technology-wise-and-break-things" button that still seems to work. You can vote in a loose cannon - and it still will refuse to break the ship.
HardwareLust•1w ago
Why is this flagged?
cmsj•1w ago
Meme stock must be protected, apparently.
lawn•1w ago
Negative coverage about Musk or Trump is usually flagged. Sometimes vouching and upvotes negate it, but not always.
Anything insufficiently complementary of either Musk or Trump tends to get flagged by their weird simps.
johnnyanmac•1w ago
Stories like this being flagged is exactly why I feel this HN commitment to curious and quality readings is completely broken. If some super minority of users need to weaponize the site's features to hide an earnings call, can those users really be trusted with flagging privileges?
rich_sasha•1w ago
Good job the PE ratio increased in lockstep, more than compensating for the earnings going down the toilet. Just hodl and chill.
guywithahat•1w ago
cmsj•1w ago
brokensegue•1w ago
Analemma_•1w ago
[0]: https://www.reuters.com/sustainability/climate-energy/global...
wat10000•1w ago
I guess in this case it’s the Apple that dominated an emerging market, then fumbled it and completely lost the market to the IBM PC and ended up as a bit player for the next two decades.
r00fus•1w ago
Stonk still high though so...
verdverm•1w ago
rconti•1w ago
The meta-commentary of the bad news being priced in, and the behavior of the stock post-earnings is absolutely useful information and valid analysis, but it's not the key takeaway unless you're a day trader.
wat10000•1w ago