For a day that marked Tesla’s (TSLA) fifth straight quarter of reporting positive profits, last week’s 0.7% increase in the share price of Tesla stock seemed somewhat underwhelming.Reporting earnings Wednesday night, Tesla closed trading Thursday up only modestly, and really, only barely outperforming the S&P 500’s overall 0.5% move. Tesla called Q3 its “best quarter in history,” with pro forma earnings coming in 36% ahead of expectations at $0.76 per share, sales of $8.8 billion about 6% better than predicted, and free cash flowing strongly — $1.9 billion over the past 12 months.Tesla told investors Wednesday that it remains on …read more
Source:: Yahoo Finance
