Good morning,
I was up last night to catch the results from Tesla ($TSLA) – what great relief that I didn’t have a position in it!
This morning, I think I’ll say a few words about that before moving on to discuss:
PCF (LON:PCF)Distil (LON:DIS)Solid State (LON:SOLI)Shoe Zone (LON:SHOE)(list may change)
Tesla ($TSLA)
Share price: $298 after hours (+17%)No. of shares:179 millionMarket cap: $53.3 billionQ3 2019 Update (pdf – external link)
This was an incredible result from Tesla, and I’m very pleased that I had no position in the stock last night!
What appears to have happened (though many of the bears don’t believe it yet) is that Tesla has achieved a new level of fiscal discipline. This would be the combination of both learning how to make its cars more efficiently, and also trimming a lot of the fat from its overhead expenses.
This was necessary, since revenues have been under pressure.
This goes back to a very important point about how car sales and revenues are interpreted. Tesla…
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