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4now

(1,596 posts) Wed Oct 24, 2018, 04:41 PM Oct 2018

Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations

Source: CNBC.COM

Tesla shares soared by more than 10 percent in afterhours trading after the company posted a surprise third-quarter profit that beat Wall Street expectations.

Here's how the company did compared with what Wall Street expected, based on average estimates of analysts polled by Refinitiv:

Adjusted earnings: $2.90 a share vs. an expected loss of 19 cents per share
Revenue: $6.82 billion vs. an expected $6.33 billion

The company earned $516 million during the quarter, that was otherwise a tumultuous one for the electric car maker.

Read more: https://www.cnbc.com/2018/10/24/tesla-earnings-q3-2018.html

11 replies

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Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations (Original Post) 4now Oct 2018 OP

Kind of beat the crap out of market expectations. I was thinking of buying a few months ago, Squinch Oct 2018 #1

Still regret selling TSLA at 190. joshcryer Oct 2018 #2

One of the key short sellers went long on Tesla yesterday, stock jumped 13% ffr Oct 2018 #3

I'll be honest here and say that Tesla may be doing better than I thought ZeroSomeBrains Oct 2018 #4

Tesla is expanding their Supercharging network, if that gives you any indication of going concern ffr Oct 2018 #6

That's great but I will make a point about those chargers ZeroSomeBrains Oct 2018 #9

Check out Plugshare.com for local charging stations Zorro Oct 2018 #10

I really root for Tesla genxlib Oct 2018 #5

I root for Tesla, too. They revived the electric car. Gore1FL Oct 2018 #7

Good. We need electric cars to be commercially successful. NT Adrahil Oct 2018 #8

Dyson is now going into the electric car biz. Yes, the vacuum cleaner / cool fan dude. YOHABLO Oct 2018 #11

Squinch

(50,955 posts)

1. Kind of beat the crap out of market expectations. I was thinking of buying a few months ago,

Reply to 4now (Original post)

Wed Oct 24, 2018, 04:43 PM

Oct 2018

and like a dumbass I listened to a financial advisor. I should know by now that you should never do that.

joshcryer

(62,276 posts)

2. Still regret selling TSLA at 190.

Reply to 4now (Original post)

Wed Oct 24, 2018, 04:50 PM

Oct 2018

ffr

(22,670 posts)

3. One of the key short sellers went long on Tesla yesterday, stock jumped 13%

Reply to 4now (Original post)

Wed Oct 24, 2018, 04:50 PM

Oct 2018

Clean air vehicles need to replace our I.C.E. polluting vehicle fleet.

ZeroSomeBrains

(638 posts)

4. I'll be honest here and say that Tesla may be doing better than I thought

Reply to 4now (Original post)

Wed Oct 24, 2018, 04:52 PM

Oct 2018

I was really scared after Musk made that proclamation that he was taking the company private and when there was a federal investigation on Tesla. I told my parents to sell because it was kind of sounding like horror stories from the business classes that I took. Now it seems like it was a good decision my parents didn't sell.

Hopefully they stay alive and well and people buy electric cars for the climate and the cost savings from switching from gas. I bought an electric car 2 and a half years ago and I haven't regretted it for one second.

ffr

(22,670 posts)

6. Tesla is expanding their Supercharging network, if that gives you any indication of going concern

Reply to ZeroSomeBrains (Reply #4)

Wed Oct 24, 2018, 04:59 PM

Oct 2018

Electric dreams: ACT’s first Tesla Supercharger station puts Sydney in play

https://the-riotact.com/electric-dreams-acts-first-tesla-supercharger-station-puts-sydney-in-play/270502

Tesla opens new Hong Kong electric car charging station, the biggest in Asia
https://www.scmp.com/news/hong-kong/transport/article/2168521/tesla-opens-new-hong-kong-electric-car-charging-station

ZeroSomeBrains

(638 posts)

9. That's great but I will make a point about those chargers

Reply to ffr (Reply #6)

Wed Oct 24, 2018, 10:39 PM

Oct 2018

They don't work with my chevy volt or any other electric car outside of teslas. That's great and I'm all for it but it does tick me off. Trying to get an apartment complex or a gas station or something that has the chargers to use is rather difficult. But I digress. Great for tesla and hopefully electric cars keep getting more visibility and use by the general public.

Zorro

(15,740 posts)

10. Check out Plugshare.com for local charging stations

Reply to ZeroSomeBrains (Reply #9)

Wed Oct 24, 2018, 11:12 PM

Oct 2018

I also believe Volkswagen is now currently building charging stations nationwide as part of their settlement with the government over the diesel scandal. I think they will be car agnostic, so long as you have a proper adapter.

Building a nationwide Tesla supercharging network was a brilliant strategy. I just drove from California to Florida and back over the summer with no problems.

genxlib

(5,528 posts)

5. I really root for Tesla

Reply to 4now (Original post)

Wed Oct 24, 2018, 04:55 PM

Oct 2018

Elon Musk is not the hero everyone wants him to be but he is still pushing in the direction we need to rescue our dumbass civilization.

I was a little disappointed to see that Consumer Reports had soured on their cars some. There was a time when Consumer Reports thought they could drive on water.

https://www.bloomberg.com/news/articles/2018-10-24/tesla-model-s-loses-consumer-reports-nod-model-3-rates-average?srnd=premium

It seems that all that cool tech can have some glitches. I would still take one in a heartbeat.

Gore1FL

(21,132 posts)

7. I root for Tesla, too. They revived the electric car.

Reply to genxlib (Reply #5)

Wed Oct 24, 2018, 07:34 PM

Oct 2018

I imagine as they get the larger-scale production going for a while, they will work out the kinks and Consumer Reports will be kinder.

I generally root for Elon Musk and for a lot of Elon Musk's ideas. I cannot deny his brilliance. I cannot deny his success.

He has had some idiotic moments, to be sure. But definitely more of a hero than not.

Adrahil

(13,340 posts)

8. Good. We need electric cars to be commercially successful. NT

Reply to 4now (Original post)

Wed Oct 24, 2018, 08:54 PM

Oct 2018

YOHABLO

(7,358 posts)

11. Dyson is now going into the electric car biz. Yes, the vacuum cleaner / cool fan dude.