Tesla, the American electric vehicle manufacturer, reported earnings yesterday. And although losses doubled in the latest quarter, most investors were positive about the results. Tesla’s stock rose 9% in extended trading, after closing Wednesday at $300.84. As I write this, the stock is trading just above $330 a share, up over 11% from yesterday's close.
The positive reception is both because the cash burn in the quarter was lower than anticipated and because of the (always) upbeat outlook the ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.