2d ago

Elon Sounds Extremely Depressed After Tesla Profits Plunge 71%

gizmodo.com

92 comments

Why was the stock up today??
- It’s down 9% since in revenue compared to this quarter last year. Not good but 71% loss on net income is slightly misleading
  Outlook is often more important than earnings. People are, supposedly, hype about the autonomous taxis. But those have been coming “next year” for a couple years now
- They released quarterly report and this was already priced in. When no new bombshells were dropped, people started buying.
  
  They reiterated the cheaper models starting production in H1 2025 as well. Reuters had just reported those were delayed months on Thursday.
  I'd love to see how they can twist a H1 2025 guidance on April 22 and then backtrack by June 30th. Not impossible though.
  Today was the day to announce any delays if they were going to do it and not face investor backlash.
- This announcement happened at the close of the markets. The price movement during active trading today cannot be in response to this announcement.
  Watch the markets tomorrow, that is when you will see the effect of this news.
  
  The stock was up in after hours trading as well. While not a guarantee of what will happen tomorrow when markets open, it's a good indication it'll open up.
  
  Its an indication of what the people who trade in extended hours think, which is not a particularly representative sample.
  
  It's not perfect, but if it's super red in AH it's probably going to be at leaast somewhat red on open and likely for at least a bit of time.
  Unless Trump tweets something that changes things.

92 comments