Show Me the Money! 3 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Tesla wasn’t able to sustain its 2019 performance level despite highly expected input from its Shanghai factory and Model Y. The automaker’s second-quarter deliveries fell 4.8% year over year to about 90,650 units. However, that number well beaten the Wall Street’s shy expectations of just slightly over 68 thousand units.
Some analysts, however, pointed out that rival automakers’ deliveries fell significantly more dramatically. For example, General Motors unit sales dropped 34%, Toyota Motor lost 35% of its receivables, while Fiat Chrysler shed 39% of its solvent demand — and Tesla’s numbers actually rose quarter-over-quarter despite 21 more days of factory shutdowns.
Tesla shares shot up by over 8% to $1210 as a result. This story very well illustrates superiority of beating estimates over dynamics of a company’s real operational and financial performance.
Tesla wasn’t able to sustain its 2019 performance level despite highly expected input from its Shanghai factory and Model Y. The automaker’s second-quarter deliveries fell 4.8% year over year to about 90,650 units. However, that number well beaten the Wall Street’s shy expectations of just slightly over 68 thousand units.
Some analysts, however, pointed out that rival automakers’ deliveries fell significantly more dramatically. For example, General Motors unit sales dropped 34%, Toyota Motor lost 35% of its receivables, while Fiat Chrysler shed 39% of its solvent demand — and Tesla’s numbers actually rose quarter-over-quarter despite 21 more days of factory shutdowns.
Tesla shares shot up by over 8% to $1210 as a result. This story very well illustrates superiority of beating estimates over dynamics of a company’s real operational and financial performance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.