Gene Munster, Deepwater Asset Management, joins 'Fast Money' to recap Tesla earnings.
Tesla (TSLA) stock is in focus after the electric vehicle (EV) pioneer's fourth quarter results missed on the top and bottom lines. Adjusted earnings per share (EPS) was $0.73, compared to the $0.75 Wall Street was looking for, while revenue sat at $25.71 billion, less than the $27.21 billion expected.
Two of the Mag 7 reported earnings after the closing bell to mostly negative results for investors. Oliver Renick, Kevin Green and George Tsilis analyze the earnings immediately following their release.
Dan Ives, Wedbush Securities, joins 'Closing Bell Overtime' to talk Tesla and Microsoft earnings.
Ross Gerber, Gerber Kawasaki co-founder, president and CEO, says Tesla needs to find more ways to grow. He says Tesla's financial performance over the last three years has been horrible and no matter what Elon Musk says, full self-driving doesn't work.
Electric vehicle leader Tesla Inc TSLA reported fourth-quarter financial results after the market close Wednesday.
Tesla (TSLA) shares fell 2.5% in extended trading Wednesday after the electric vehicle maker's fourth-quarter revenue and adjusted profit came in lower than expectations.
Tesla Inc (NASDAQ:TSLA) shares moved higher after Wednesday's closing bell despite the electric vehicle maker's quarterly earnings falling short of expectations. For the quarter, Tesla posted a 2% year-over-year increase in revenue to $25.7 billion, below the $27.1 billion expected by Wall Street analysts.
CNBC's Phil LeBeau joins 'Closing Bell Overtime' to talk Tesla Q4 earnings.
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla's self-driving technology.
Tesla sealed a second consecutive year of declining profits in its fourth-quarter earnings report Wednesday, as the electric vehicle company navigates a perhaps unprecedented backdrop with its CEO Elon Musk spending much of his time shaping President Donald Trump's administration, while the company pursues the potential trillion-dollar opportunity of fully autonomous driving.
Tesla fell short of analysts' estimates for gross profit margin in the fourth quarter on Wednesday, as the electric-vehicle maker rolled out financing offers and discounts to spur flagging demand for its aging lineup.