Breaking down why TSLA is up 10% after a huge earnings miss
Posted: Apr 24, 2024
- TSLA's market cap increased by 50 billion despite poor numbers and trends - Tesla's peak market cap was 1.24 trillion - Tesla's stock price had an Overvaluement Factor (OF) of 69 at its peak, decreased to 30 - Earnings were better than expected, described as "horseshit" - Investors saw the stock as a bargain and bought it - Price increased from $145 to $165 per share
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!