Tesla Delivered 480,126 Vehicles Last Quarter. Here's Why the Stock Didn't Rally.
Good news isn't necessarily bullish when the company is changing faster than investors can fill in the unknowns.
Overview
Given nothing more than the company's reported numbers, shares of electric vehicle maker Tesla (NASDAQ: TSLA) should have soared following the July 2 release of its total Q2 deliveries.
The 480,126 automobiles it shipped in Q2 were not only up 25% year over year, but topped analysts' consensus estimate of 406,024 units. Nevertheless, Tesla shares immediately stumbled in response to the report and haven't budged in the meantime, even though the market has made some forward progress during this stretch. What gives?
Details
It's a complicated answer because ... well, there's a complicated dynamic surrounding this company and its stock.
Source
Originally published at www.fool.com.