Tesla shares surge 13% as strong deliveries drive profit optimism

FILE PHOTO: Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo

The day’s jump increased Tesla’s stock market value by $30 billion, eclipsing the entire value of Ford Motor Co , currently at $25 billion. “We believe that the question to be considered is not whether the stock is expensive on current valuation measures, but what the company’s growth and competitive position signal about the stock’s potential for the next several years,” JMP Securities analyst Joseph Osha wrote in a client note. Tesla’s annual sales could hit $100 billion by 2025, he predicted.

Tesla’s solid delivery numbers heightened expectations of a profitable second quarter, which would mark the first time in Tesla’s history that it would report four consecutive quarters of profit.

Source: Energy Industry News (energyindustrynews.net)

Elon Musk supporting ye Kanye West for president has destroyed my interest in Tesla and Space X. What a creep and coward.

Who likes short shorts?

Don't forget that Elon Musk is still a idiot.

How many people got Covid19? How many passed to loved ones who died? Profit People.

One more time-Tesla time. oneway allthewayup woohoo elonmusk

FYI elonmusk cares nothing about Americans. Just his wallet and keeping Jeffreys info on him barried. He's actively trying to help realDonaldTrump win.

OLE! Sure seems that Tesla CEO's *shares surge* prompted his appearance onto the high-way!

elon musk is proof capitalism doesn't work

Lower expectations to zero deliveries, beat low bar then triple the stock 🤣

elonmusk rocks! (better then rocks on Elon Musk)

Whenever I pass Tesla on the road I'm thinking 'here's another climate change tool'

I hate Elon but Iove his EV's... I hope they replace him then Telsa would really take off

its a cult

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