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Tesla’s massive stock rally faces a moment of truth as the company reports earnings

January 29, 2020

Via: CNBC

Tesla shares have skyrocketed by about 120% since the electric car maker last delivered an earnings report in October, and investors eagerly anticipate the company’s fourth quarter results, which it is scheduled to report on Wednesday.

Wall street is expecting Tesla to report non-GAAP earnings per share of $1.72 and revenue of $7.02 billion, according to a survey of analysts by Refinitiv. (Estimates varied quite widely: EPS estimates ranged from $0.80 to $2.57, and revenue estimates ranged from $6.46 billion to $7.54 billion.)

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