Tesla reports earnings
Alex Belauste's picture

Tesla Has Been Inconsistent, but TSLA Price Is Incredible

The wait is over. Earnings is here. Will Tesla be profitable? Honestly a straight up golden question. They have been inconsistent on this end but their share price has seen incredible growth in Q4. Earnings will definitely be interesting.
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To begin, TSLA has long been a fan favorite when it comes to… well… volatility. It has always been a security that really isn’t secure. Bouncing from as low mid $100s all the way to nearly $600. Earnings is tomorrow… will it actually hit $600? What about beyond. The hype is stacked with Tesla here. Investors, including Wall Street know that not only is Elon a savvy businessman, but they know that the future is looking pretty electrified.

The stock itself has been pretty consistent and it’s up A LOT. Up 78% in the last three months. That’s as of close the day before Q4 earnings. That being said, something about holding shares here still feels unsafe. That being said, I do truly believe this company will skyrocket even further. The potential here is real, and the product is legit and of value.

Earnings comes up tomorrow, January 29th after hours. Investors will probably take this stock with a grain of salt when it comes to buying. Or selling. The results are literally going to be random from how it feels.

From here, we can only wait. I will have a story tomorrow with the results. I am not a financial adviser on any level and this is all purely analytical. I also have no stake in TSLA to assure clarity and objectiveness.

See my latest story in which I discuss what happened after Tesla released its earnings.

Alex Belauste reports Tesla cars and stories at Torque News. He has worked with the automotive industry for the last 18 years and has since grown very fond to the community. Alex has owned 16 different cars and writes automotive news based on research, his personal expertise and experience. Belauste has studied business at Oklahoma State University and has since started his entry into the professional automotive world. Follow Alex on Twitter at @Belauste and on Instagram. Search Torque News Tesla for more daily Tesla coverage from our expert reporters.


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Comments

Tesla has a legit product for sure, but it is one of the most frightening stocks to invest in either long or short. The idea that this company is worth more than any other American car company defies belief.