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-0.000304874447094826 -0.00043311528595218 -0.00246845823341051 -0.00609791593692019 -0.0017994993625675 -0.0017994993625675 -0.0017994993625675 -0.0017994993625675
Stock impact report

Tesla Shows Q1 Profit, Remains Expensive But Is Still A Buy [Seeking Alpha]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Seeking Alpha
SummaryTesla turned a profit of $16 million despite shelter-in-place orders.Elon Musk believes the company will expand at 40%-50% compound annual growth.Battery Day is "the most exciting day" in Tesla history.Tesla's stock price reflects long-term future growth not present company value.Tesla (TSLA2020 Q1 earnings,Could Tesla really have improved 4x over the year? In one word, no. Tesla hasn't grown at a rate of 4x over the year and despite achieving impressive growth YoY, which we'll get into later, 400% growth is far from reality.However, it's Tesla's long-term future potential which warrants its high valuation. Q1 2020 has given investors a glimpse of what's to come for the company and has shown why the automobile underdog is worthy of their cash.2020 Q1 EarningsFor the first time in the company's history, Tesla achieved a positive GAAP net income in Q1. With a profit of $16m, the quarter was described as the "best first quarter for both production and deliveries."In a letter to it Show less Read more
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