Wednesday, February 19, 2014

Tesla Earnings-Stock Does a Shakeout Fakeout Then Soars (TSLA)

Proving conclusively that options are smarter than investors. From yesterday's "Tesla: Baird Reiterates Outperform, Bumps Price Target Ahead of Tomorrow's Earnings Report (TSLA)":
The stock is at $203.51, up $5.28. The options are pricing in about a 12% move up or down.
We'll be back this afternoon with more....
In regular trade the stock closed at $193.64 down $10.06 or 4.94%. Afterhours it is up $28.01 or 14.46%.
What had looked to be big implied volatility was actually a bit conservative. On to the lovefest.
Auto site Jalopnik had the best headline:
Tesla's Earnings Beat Estimates As They Sold A Ton Of Cars
While Forbes had two offerings:
Tesla Earnings: Model X Delayed Till 2015, But The Financials Look Good
Tesla Hits All Time High, Wants To Deliver 35,000 Model S In 2014
We'll be back with more but right now the more interesting question is "What happens to natural gas if the NYMEX raises margin requirements?'
See also yesterday's "Ahead Of Tesla Earnings (TSLA)".

Here is the press release and link to the financials:
February 19, 2014
PALO ALTO, CA -- (Marketwired) -- 02/19/14 -- Tesla (NASDAQ: TSLA) today released its financial r...
And the conference call:
Feb 19, 2014
2:30 PM PT
Tesla Motors, Inc. Fourth Quarter 2013 Financial Results Q&A Conference Call
Webcast Listen to webcast
PDF Q4 & Full Year 2013 Shareholder Letter  3.3 MB   Add to Briefcase