So much for "A tad exuberant", the stock is now up $15.46 at $71.25 following the conference call.
I know we've mentioned the strong hands that hold TSLA, virtually from the day of the IPO but this is surprising.
TSLA common as "safe assets"?
In early after-hours trade the stock is at $63.98 up $8.23.
Seems a tad exuberant.
From the Barron's Tech Trader Daily:
Tesla Stock Soars 12% After Q1 Profit
Tesla Motors (TSLA) reported first-quarter earnings Wednesday, announcing a profit of 12 cents a share and revenue of $562 million. Analysts surveyed by FactSet had been expecting, on average, a loss of 1 cent a share on revenue of $500.2 million.
Tesla’s stock jumped more than 12% in postmarket trades after the results were announced.
Tesla also reaffirmed its gross margin guidance:
An important point for investors to note is that we are reaffirming our prior guidance of a gross margin of 25% in Q4 2013, assuming zero ZEV credit revenue ....MOREThat gross margin is amazing. still...
Something to note via the Los Angeles Times last Sunday:
Zero Emission Vehicle credits could give the automaker as much as $250 million this year, highlighting the state's effort to promote the electric car.And from the company:
2:30 PM PT
|Tesla Motors, Inc. First Quarter 2013 Financial Results Q&A Conference Call
Tesla management will hold a live Question & Answer (Q&A) session at 2:30pm Pacific Daylight Time (5:30pm Eastern Daylight Time) to discuss the Company's financial and business results and outlook.
What: Tesla Motors, Inc. First Quarter 2013 Financial Results Q&A Conference Call
When: Wednesday, May 8, 2013
Time: 2:30pm Pacific Daylight Time / 5:30pm Eastern Daylight Time
Shareholder Letter: http://ir.teslamotors.com
Webcast: http://ir.teslamotors.com (live and replay)
Live Call: (877) 312-5519 / (760) 666-3771 (International)
Approximately two hours after the call, a recording of the Q&A session will be available for a period of two weeks following the date of the call. To access the recording, please dial in to one of the following numbers using the conference ID shown.
Replay Dial-In #: (855) 859-2056 Conference ID: 48026013
International Replay Dial-In #: (404) 537-3406 Conference ID: 48026013
The webcast will also be archived on the Company's website for a period of one year following the date of the call.