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Tesla Stock (NASDAQ:TSLA): Earnings Not as Good as the Reaction Suggests [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Despite the notable two-day rally, shares are still down by more than 30% year-to-date. I am bearish on the stock and believe that its year-to-date trend is a better indicator of what's to come than the stock's recent post-earnings rally. The Earnings Report Was Not Great Tesla reported a 9% year-over-year revenue decline. That alone should spook many investors since the stock trades at a 43x P/E ratio. Even a 30% year-to-date drop does not change the fact that shares are overvalued. It's even worse when investors notice that the company's GAAP net income attributable to common shareholders dropped by 55% year-over-year. Tesla cannot sustain its lofty valuation if it continues to lose market share in key areas like China. Other Chinese EV manufacturers are making it more difficult for Tesla to expand. Competition is common among automakers, but it's a thorn for Tesla more than any other. Other automobile stocks have much lower valuations, which gives them higher margins of saf [Read more]
IMPACT SNAPSHOT EVENT TIME: TSLA
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Stock performance from the time of news release until the following 4pm ET market close
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Multi-day stock performance from the time of the news release
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Stock performance from the time of news release until the following 4pm ET market close
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Multi-day stock performance from the time of the news release
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 VOLUME RATIO
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Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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Stockreport

Tesla Stock (NASDAQ:TSLA): Earnings Not as Good as the Reaction Suggests [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Despite the notable two-day rally, shares are still down by more than 30% year-to-date. I am bearish on the stock and believe that its year-to-date trend is a better indicator of what's to come than the stock's recent post-earnings rally. The Earnings Report Was Not Great Tesla reported a 9% year-over-year revenue decline. That alone should spook many investors since the stock trades at a 43x P/E ratio. Even a 30% year-to-date drop does not change the fact that shares are overvalued. It's even worse when investors notice that the company's GAAP net income attributable to common shareholders dropped by 55% year-over-year. Tesla cannot sustain its lofty valuation if it continues to lose market share in key areas like China. Other Chinese EV manufacturers are making it more difficult for Tesla to expand. Competition is common among automakers, but it's a thorn for Tesla more than any other. Other automobile stocks have much lower valuations, which gives them higher margins of saf [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS