Wall Street Ignores Tesla Top Line Miss, Focuses On Forecast
Tesla looks to zoom past its quarterly results and try to get investors to focus on the future.
Tesla posted Q4 earnings of $0.33 cents a share on revenue of $615 million. Analysts were looking for earnings of $0.21 cents on sales of $677 million. During the final quarter of the year, Tesla says it delivered 6,900 Model S cars and CEO Elon Musk also says he expects Tesla to deliver 35,000 Model S Vehicles in 2014, a 55% year-over-year increase. The guidance is turbo-charging the stock in after hours trading. Tesla shares were up 12% at last check after falling 5% in the regular session. TheStreet's Gregg Greenberg has details from Wall Street.
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