Posted on 04/03/2020 6:25:20 AM PDT by Moonman62
Shares of Tesla Inc. TSLA, -5.62% soared 15% in premarket trading Friday, as investors cheered the electric car maker's first-quarter deliveries data. The company said late Thursday that the 88,400 vehicles it delivered during the quarter marked its "best ever" first quarter, despite the negative impacts of the COVID-19 outbreak. Deutsche Bank analyst Emmanuel Rosner said the deliveries were "robustly ahead" of his expectations. He now expects Tesla to report of first-quarter profit of 5 cents a share, compared with a previous estimate of loss of $1.25 a share. Rosner also raised his first-quarter revenue estimate by $1 billion to $5.9 billion and lifted his gross margin view to 22.1% from 21.3%.
(Excerpt) Read more at marketwatch.com ...
I’m starting to see Teslas on the road fairly regularly now...................
But the FR experts said Tesla was going bankrupt because the rebates were ending.
Tesla is finally maturing into a frontline automobile..................
People who but these types of things don’t really care about rebates.
They are wealthy enough to not consider them..............
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