Analysts brush aside Tesla margin worries: You gotta spend more to make more
Tesla stock falls after earnings disappoint, but analysts brush aside margin worries MarketWatch 1/29/2021 © adrian dennis/Agence France-Presse/Getty Images THE RATINGS GAME Investors continued to sell Tesla shares on Thursday after earnings disappointment, but Wall Street analysts were waiving some of their biggest concerns, such as weak margins. Tesla shares traded as low as $801 and were recently down 2%, on the heels of a selloff Wednesday after Tesla’s fourth-quarter results. Tesla reported an adjusted profit in the fourth quarter of 80 cents and a 46% gain in revenue, at $10.7...
Source: msn.com