Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations
CNBC ^ | 10/24/18 | Dawn Kopecki

Posted on 10/24/2018 1:48:04 PM PDT by Moonman62

Tesla shares soared by more than 10 percent in after-hours trading after the company reported a surprise profit for the third quarter and better-than expected car sales and said it was speeding up its Model 3 production in China.

Here's how the company did compared with what Wall Street expected, based on average estimates of analysts polled by Refinitiv:

Adjusted earnings: $2.90 a share vs. an expected loss of 19 cents per share Revenue: $6.82 billion vs. an expected $6.33 billion

The company earned an adjusted $516 million during the quarter, which was an otherwise a tumultuous one for the electric car maker. It was Tesla's third profitable quarter and makes good on CEO Elon Musk's promise for to start turning regular profits in the last half of this year.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: automobiles; earnings; elonmusk; ev; musk; tesla
Navigation: use the links below to view more comments.
first 1-2021-22 next last

1 posted on 10/24/2018 1:48:04 PM PDT by Moonman62
[ Post Reply | Private Reply | View Replies]

To: Moonman62

Saint Elon. The King of the Grifters is still rolling.


2 posted on 10/24/2018 1:49:21 PM PDT by Autonomous User (During times of universal deceit, telling the truth becomes a revolutionary act.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Autonomous User

Nice back stab.

Elon Musk has delivered on more of his promises than most business men.

When you are on cutting edge technology there will always be bumps in the road but Elon has delivered.

After a test drive of the model S, I will never be satisfied with another car. Rode like a luxury car and handled like a sports car.


3 posted on 10/24/2018 2:11:54 PM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Moonman62

They’re full of ChiComm computer chips.


4 posted on 10/24/2018 2:12:18 PM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: carriage_hill

Which chips in particular? I believe they use NVidia for the main computer, but they are replacing those with their own chips.


5 posted on 10/24/2018 2:17:29 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Moonman62

Say what you want about Elon Musk, he builds beautiful, high performance electric cars that people want. The Tesla cars are not a gimmick and they make the craptastic, ugly offerings from legacy auto manufacturers look like junk.

Either under Elon Musk or under another owner these cars will continue to be built.


6 posted on 10/24/2018 2:32:51 PM PDT by WMarshal (America First)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Autonomous User

Adjusted earnings don’t mean squat, except to the computer algorithms that trade on pixie dust.

Revenues, on the other hand, do mean something, and Tesla’s numbers are much higher than analysts’ guesses. Plus Tesla is not looking to borrow billions when attempting to double its output. So I’m going to say investing in Tesla stock is a crapshoot, while the vehicle look pretty slick.

Worst case: they are keeping books like WorldCon, which pretended to have massive losses in acquisition years, so they could show an insignificant profit the next year. In reality, any two-year period at WorldCon showed massive losses. Best case: growing pains of an auto manufacturer. Evidence against: lots of executive talent quitting in 2017-2018. Evidence for: people still like the cars, so far.


7 posted on 10/24/2018 2:40:51 PM PDT by bIlluminati (Defund the Left. Shrink the U.S. Federal government to 1897 levels.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Wurlitzer

For time being and for what it is worth, I still stick with my trusty Fords. But this doesn’t mean I see anything wrong with electric cars.


8 posted on 10/24/2018 2:46:47 PM PDT by saintgermaine (saintgermaine the time traveller)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Moonman62

Spy chips:
http://www.freerepublic.com/focus/f-news/3693920/posts

More here:
http://www.freerepublic.com/focus/search?m=all;o=time;q=quick;s=chinese%20spy%20chips


9 posted on 10/24/2018 2:52:20 PM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: carriage_hill

Is Tesla mentioned in any of those articles?


10 posted on 10/24/2018 2:56:43 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Wurlitzer

The Bright New Automotive Future as promised by Saint Elon Musk and embodied in the Tesla automobile is a shiny turd that has been a failed enterprise from the very beginning. Ruthlessly unprofitable and racking up debt at a prodigious rate, Elon Musk has conned Wall Street, Investors and Taxpayers who are underwriting his 3 ring circus of a car company.

If this was a real car company he would be in Federal Pound Me In The Ass Prison for fraud.


11 posted on 10/24/2018 3:24:16 PM PDT by Autonomous User (During times of universal deceit, telling the truth becomes a revolutionary act.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Wurlitzer

Boss has an S
Nice car for sure
Me likes my 4 runner however


12 posted on 10/24/2018 3:32:24 PM PDT by Truthoverpower (The guvmint you get is the Trump winning express !)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Moonman62

Apple, AWC, SuperMicro, Amazon etc won’t disclose tht data; you know that. But if Tesla does use any of their hardware, it could very well be compromised.


13 posted on 10/24/2018 3:36:23 PM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Truthoverpower

I have two people near me with Teslas, one a cosmetic surgeon and one an insurance exec.

Neither one drives them when it’s really hot, or when it’s really cold and snowing. It’s a third car for one and a fourth car for the other.

I’d say that’s typical for Tesla owners, and says everything that need be said.

They are cool cars, but so is anything that sells in their actual delivered-price range.


14 posted on 10/24/2018 3:39:14 PM PDT by jjotto (Next week, BOOM!, for sure!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: carriage_hill

Maybe FR is compromised by Chinese spy chips that automatically generate negative comments about Tesla.


15 posted on 10/24/2018 3:42:00 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Moonman62

How’s your Tesla drive so far? Like it?


16 posted on 10/24/2018 4:50:08 PM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: saintgermaine
"For time being and for what it is worth, I still stick with my trusty Fords."

And that is fine and what is great about having a choice. I have been a Ford person all my life with one exception a Datsun 260Z. However, the Model S has to be driven to believed. Don't know about the X or the Model 3 but the S is awesome.

17 posted on 10/25/2018 7:43:38 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Wurlitzer

I’ve been with Chrysler since the “K” cars. Never had a bad one.


18 posted on 10/25/2018 7:46:33 AM PDT by Don Corleone (Nothing makes the delusional more furious than truth.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Autonomous User

Yeah failed with over 500,000 Model 3’s ordered before the first production car came off the line seems to prove people who are not ignorant and not foul mouthed did not think these were “turds”

The man you love to hate even released ALL his patents on the Model S and Roadster vehicles so that other manufactures could learn and speed up their production as he feels electric vehicles can be PART of our future.

Not the perfect car for everyone but certainly a fantastic car for many people.

Your vitriol tends to make one think you have some ties to the oil industry.


19 posted on 10/25/2018 7:49:34 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Don Corleone

Great cars I am sure.

If, however, you get the opportunity to test drive a Model S, take it.

I have had sport cars, luxury cars, raced cars, raced motorcycles and nothing compared to the experience of driving the Model S.

Not a car for everyone but I think that could be said about any vehicle.


20 posted on 10/25/2018 7:53:30 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-22 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson