Tesla earned 80 cents a share on an adjusted basis in the fourth quarter, falling short of analysts’ estimates of $1.02. A year earlier, Tesla posted earnings of $2.14 a share.
Tesla said it sees deliveries growing at least 50% in 2021. While Tesla wasn't specific in its guidance, a growth rate of 50% would mean more than 750,000 units. The company delivered almost 500,000 vehicles globally in 2020.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on Tesla.
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