The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Isaac Pino and research analyst Lyons George discuss topics around the investing world.
In today's edition, Isaac and Lyons digest Tesla's recent first-quarter earnings, during which the company revealed an $88.9 million loss, or $0.76 per share. Revenues were down 38% from the year-ago period, and the company missed analyst expectations, yet the shares still spiked more than 7% following the announcement. What gives?
The market's optimism was due to the announcement that Tesla would commence delivery of the Model S ahead of schedule, orders and deposits continued to grow, and expectations of profitability remained the same. Still, investors are left waiting to see how the Model S will actually perform once in the hands of drivers this summer. CEO Elon Musk shed some light on when the car might receive initial test drives and why demand for the vehicle could take off even more in the near future.
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