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by woodpanel
2329 days ago
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First of all: Both companies beat estimates. Second of all: FB has been profitable for years and is still growing its earnings at very high percentages, while TSLA is still incurring net losses. One could actually say that they didn't beat earnings-estimates but rather loss-estimates. Add to that: TSLA's market cap is now higher than that of Ford, GM or VW. Sometimes a multiple of it. While still not making a profit. Thus the question: Where do after-hours traders get the confidence for a 12% rise? |
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If I remember reading it right, 2019 was their first year they made an annual profit (small 30 some millions though). Also it's much harder to make profits for hardware (Tesla) than a software company like FB.