I guess that's one way of saying Tesla beat revenue and earnings expectations. Stock price went up 3% in after-hours trading.
cmsj•2h 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•2h ago
analysts are kinda irrelevant when a stock isn't connected to fundamentals anyways
Analemma_•2h 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.
verdverm•18m ago
I read "beating" more like ICE tactics then coming out ahead of a prediction, seems perhaps more accurate
rconti•2h 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•1h 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•1h 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.
guywithahat•2h ago
cmsj•2h ago
brokensegue•2h ago
Analemma_•2h ago
[0]: https://www.reuters.com/sustainability/climate-energy/global...
wat10000•1h 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.
verdverm•18m ago
rconti•2h 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•1h ago