Tesla

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Discussion of Tesla, Inc.

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About Tesla

Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.

They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

founded 2 years ago

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Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates (www.cnbc.com)

submitted 3 days ago by [email protected] to c/[email protected]

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Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.

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[–] [email protected] 8 points 3 days ago (1 children)

And of course TSLA is up 5% in after-hours trading.

[–] [email protected] 3 points 3 days ago* (last edited 3 days 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.