Why Tesla’s Profit Win Streak Matters and Makes It Look Like Amazon
Tesla shares continue to defy gravity following a beat on Q2 expectations. Revenues for the quarter were $6 billion, above consensus of $5.2 billion. The big story, though, is that Tesla notched its 4th consecutive quarter for the first time ever. Non-GAAP EPS was $2.18 vs. consensus loss of $0.48.
Tesla’s Q2 Delivery Victory Puts Old School Automakers on Notice
Tesla investors are celebrating a major achievement by Elon Musk and Co. The electric vehicle maker cruised past expectations for Q2 deliveries, despite its Fremont assembly plant being shut down for almost half the quarter due to COVID-19.