NEW YORK (TheStreet) -- Tesla Motors (TSLA) captured Wall Street's attention Wednesday with its earnings announcement and the CNBC "Fast Money" panel was attentive as well. Whole Foods (WFM) also garnered lively discussion but not to the point of reaching a food fight.
Tesla beat Wall Street's first-quarter estimates when it posted a loss of 36 cents a share on revenue of $1.1 billion. Analysts had been expecting the company to deliver a loss of 50 cents a share on revenue of $1.1 billion.
"I have a negative valuation on the stock but not the company," said Tim Seymour, managing partner of Triogem Asset Management. "I think there's a lot more room on the upside if they can quantify their stationary storage business." Seymour added that Tesla is a company that is all about batteries verses a car company.
Dan Nathan, co-founder of RiskReversal.com, said he remains skeptical of Tesla. He noted the most interesting aspect when it comes to the company is when and whether it will reach the mass market in a couple of years with its vehicles and home battery Powerwall.
Nathan said the company may be considered a buy around $220 a share. Tesla closed down 1.1% at $230.43 during the regular session. In after-hours trading, it rallied 3.6% to $238.74.
Whole Foods, meanwhile, also reported earnings Wednesday but missed revenue expectations. During the second quarter, the retail grocery chain generated $3.65 billion in revenue, compared with the $3.71 billion analysts had been expecting. The company also announced plans to roll out another line of retail grocery stores that would offer its food at a lower cost.