Wall Street sidesteps Musk lockdown rant as Tesla numbers improve [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
Wall Street sidesteps Musk lockdown rant as Tesla numbers improve (Reuters) - Wall Street brokerages gave a resounding thumbs-up to Tesla Inc’s ( TSLA.O ) first-quarter numbers on Thursday, lauding the electric carmaker’s improved gross margins and sending its shares 8% higher in trading before the opening bell. Slipping into profanity on a call with analysts after the results on Wednesday, Musk called current stay-at-home orders “fascist” and said it was a serious risk to the business. His remarks come around a year after Tesla managed to end a series of legal and regulatory rows over Musk’s social media posting by agreeing restrictions with regulators. A morning round of research notes from major investment banks saw analysts avoid the issue and focus on the fundamentals of Tesla’s business. Analysts with J.P. Morgan said important take-aways, included its “unexpectedly higher” regulatory credits of $354 million in the quarter. Regulatory credits is the money Tesla receives from o
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