Anonymous ID: 2afe94 Jan. 27, 2021, 1:29 p.m. No.12734527   🗄️.is đź”—kun   >>4551 >>4636 >>4645 >>4760 >>4879 >>4998 >>5039 >>5047 >>5056

>>12734392

TSLA

824.37 -39.79 (-4.60%)

After hours: 4:28PM EST

 

Tesla stock sinks 7% after quarterly profit is a miss

 

Tesla Inc. late Wednesday reported a sixth-straight quarter of profit and a sales beat, but earnings were below Wall Street expectations and the stock tanked more than 7% in after-hours trading.

 

Tesla TSLA, -2.14% said it earned $270 million, or 24 cents a share, compared with earning of $105 million, or 11 cents a share, in the year-ago quarter. Adjusted for one-time items, the Silicon Valley car maker earned 80 cents a share.

 

Revenue rose 46% to $10.74 billion from $7.38 billion a year ago, thanks to “substantial growth” in deliveries, the company said. Analysts polled by FactSet expected adjusted earnings of $1.02 a share on sales of $10.47 billion.

 

The company said it expects a 50% annual growth for its deliveries in future years, and that it likely would “grow faster” in 2021. That would mean around 750,000 vehicles for in 2021, which would compare with slightly below 500,000 cars delivered in 2020, a year marred by factory stoppages and delays due to the pandemic. Deliveries are Tesla’s proxy for sales. The FactSet surveyed analysts expect deliveries around 800,000 vehicles for this year.

 

Tesla shares have gained nearly 700% in the past 12 months, compared with gains around 17% for the S&P 500 index SPX, -2.57%.

Anonymous ID: 2afe94 Jan. 27, 2021, 2:08 p.m. No.12734932   🗄️.is đź”—kun   >>4986 >>4997 >>5007

>>12734894

Republican Donor Buys Major Twitter Stake With Plans To Oust CEO Jack Dorsey

 

Conservative billionaire and hedge fund manager Paul Singer, and his company Elliott Management Corp., bought a sizable stake of Twitter with alleged plans to oust CEO Jack Dorsey over Twitter’s overt political bias.

 

According to Bloomberg News, Twitter’s Board of Directors will have three available seats at the 2020 annual meeting. Elliott nominated four directors in hopes of filling these vacancies and any others that may arise. Unlike other prominent Silicon Valley CEOs, Dorsey does not have voting power over Twitter because the company only has one class of stock.

 

Dorsey has long been a target for removal given Twitter’s struggling user growth, poor stock performance, free speech issues, and overt political bias commonly known as “shadowbanning.”

 

In September 2019, Singer stepped into a new position at AT&T Inc., President Trump said he hoped a Republican investor would “put a stop to all the Fake News emanating” from CNN anchors.

https://thefederalist.com/2020/03/02/republican-donor-buys-major-twitter-stake-with-plans-to-oust-ceo-jack-dorsey/