While many investors remain focused on Hong Kong protests and US-China trade, Tesla is doing its own thing as it reports a stronger-than-expected third-quarter performance as it discusses its new factory in Shanghai – shares rallied as much as 17%. The adjusted earnings per share of $1.86 billion vs. expected losses of 42 cents per share was one surprise while the firm released a 28 page, very cool looking glossy update filled with pictures on its new China factory. And its new Model Y will launch ahead of schedule next summer. Mr Musk now is clearly proving that he is different by working with China and expanding in China while others are questioning the future. He also hopes to soon announce the location of the Tesla new Gigafactory in Europe where he will produce electric vehicles in 2021. Te
Tesla Shares Spike Higher on Strong Earnings
Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.
Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.