Tesla reports blow out earnings… is the stock over valued?

 

 

 

Tesla reported blow out earnings trumping all profit estimates for the latest quarter. Revenues beat the estimates at about $6B.

In the middle of the pandemic, Tesla made deliveries that beat expectations and made the EV sexy enough to be demanded and delivered online.

The profit was a big surprise and it officially qualifies the stock to be added to the S&P.

The stock traded at $1,600 after hours. Early this year, one analyst put a price target of $6K.

Today, another one puts a price target of $15K.

At $15K Tesla will be valued at $3T and will trump every other company on the planet.

Money for nothing…
#Tesla for free!!

https://www.benzinga.com/analyst-ratings/analyst-color/20/07/16737913/ark-invest-analyst-discusses-teslas-path-to-15-000-share-price

Read More: Tesla – the stock that is chasing the rocket that Musk launched into space last month!

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Valtitude / Demand Planning LLC provides services in Demand Planning, S&OP, Sales Forecasting, and Supply Chain Optimization.

Valtitude was founded by ex-Gillette/P&G Senior Managers in 2004 as Demand Planning Net. Our primary focus initially was to help companies with implementing process and strategy for Demand Planning and Sales and Operations Planning.  Over the years, the company has helped many Fortune 500 companies and SMB businesses with a variety of projects in the end-to-end supply chain transformation.

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