Negative earnings for Tesla with a huge miss and a massive $619 million quarterly loss.
In fact it’s their worst quarter ever! Yet Jim Cramer from CNBC seems to think it has more to do with how they share this information rather than the data itself.
Here is what Jim Cramer said
“You know what? I think the stocks of these two companies could reverse and go higher after a couple of days of selling,” the “Mad Money” host said. “It has to do with the way they handle their conference calls after they report their earnings, and how they approach their investor bases and make their promises.”
Read more Via cnbc.com
The bottom line here is that the Model 3 sedan is having major production trouble and that translates to devastating losses for the company.
So what do you think? Is this correction in Tesla’s stock price a buying opportunity or did their valuation increase too fast too soon given the lack of profits?
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