News

Tesla posts its most profitable quarter ever as it blows past analyst estimates

Tesla on Wednesday announced its third-quarter financial results. The electric-car maker reported adjusted earnings per share of $US0.76 on top of $US8.77 billion in revenue. Wall Street analysts polled by Bloomberg had expected $US0.55 per share and $US8.2 billion of revenue. Visit Business Insider’s homepage for more stories. Tesla on […]
Tesla posts its most profitable quarter ever as it blows past analyst estimates
Markets

‘We struggle to explain the run-up to the stock split’: RBC raises Tesla price target but still says the company is overvalued

RBC Capital Markets on Monday boosted its price target on shares of Tesla to $US290 from $US170 following the automaker’s stock split. Still, the firm maintains its “underweight” rating on shares of the automaker and said that it’s overvalued. “We recognise we underestimated a critical valuation point: seemingly insatiable investor […]
‘We struggle to explain the run-up to the stock split’: RBC raises Tesla price target but still says the company is overvalued
Markets

Tesla has surged 18% since it announced a stock split 2 days ago

Tesla has rallied since the company announced on Tuesday that it will enact a five-for-one stock split on its shares at the end of August. Shares of the automaker jumped 13% on Wednesday, and climbed as much as 4% Thursday. The stock split doesn’t change anything about the company fundamentally, […]
Tesla has surged 18% since it announced a stock split 2 days ago