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.
Nikola Upgraded to Overweight by JPM on Potential of Hydrogen Economy
Shares of Nikola are attractive after falling 40 percent in July month-to-date, according to JPMorgan. The firm upgraded the electric trucking company to OVERWEIGHT from NEUTRAL, and reiterated its $45 price target.
Tesla Investor Ross Gerber on Model Y, Battery Tech, Nikola, and More
Tesla’s meteoric rise past $1,000 a share sparked downgrades from Goldman Sachs and Morgan Stanley, but investors focused on the long-term story of Tesla should not get distracted by near-term commentary about valuation, according to notable Tesla investor Ross Gerber.