▲ 82 ▼ Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates (www.cnbc.com) submitted 1 year ago by BrikoX@lemmy.zip to c/teslamotors@lemmy.zip 7 comments fedilink hide all child comments Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.
[–] BeefPiano@lemmy.world 8 points 1 year ago (1 child) And of course TSLA is up 5% in after-hours trading. permalink fedilink source hideshow 1 child comment replies: [–] remotelove@lemmy.ca 3 points 1 year ago* After hours is mostly bullshit. Big orders get pulled at market close and it will usually leave a fairly big spread. If some rando makes an after hours buy at market price, you are just seeing the lowest sell order which is usually way over-priced. The trade volume is usually going to be super low comparatively. Tesla may be a one-off because the price has tanked so hard and the overall market is hyper-volitile right now. permalink fedilink source parent
[–] remotelove@lemmy.ca 3 points 1 year ago* After hours is mostly bullshit. Big orders get pulled at market close and it will usually leave a fairly big spread. If some rando makes an after hours buy at market price, you are just seeing the lowest sell order which is usually way over-priced. The trade volume is usually going to be super low comparatively. Tesla may be a one-off because the price has tanked so hard and the overall market is hyper-volitile right now. permalink fedilink source parent