Tesla's Stock jump more than 17% after release of the fourth quarter results
Tesla surprises everyone this Wednesday by posting results that no one were waiting for. Tesla proudly posts net profit of $ 143 million helped by the cost reduction policy that has been implemented by the manufacturer.
Powered by cutting substantial costs policy, Tesla manages to spend $ 510 million in third quarter last year to $ 385 million in the third quarter this year.
Investors and Wall Street are surprised and pleased, they welcome this news by a raise of almost 17% the equivalent < span style = "text-decoration: underline;"> $ 44 gain for the Tesla share.
The American manufacturer overwrites bad forecasts. Earnings per share announced at 46 cents loss turns out to be profit from USD 1.86 per share.
Tesla is now looking to the future, after reassuring its investors. The Gigafactory 3 in Shanghai is ahead of schedule, the first test vehicules are starting to leave the factory. Then the Model Y sees its production advanced, not expected before the end of the year 2020, Tesla speaks today of a production in summer 2020.
Finally Tesla has to take up a big challenge in this last quarter, the manufacturer wanted to deliver between 360,000 and 400,000 cars this year. In order to respect this projection it will be necessary to deliver 105,000 cars this quarter, which is 9,000 more than the previous quarter.
The future is electric!