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.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。