Why tsla rises today

Tesla (Tsla) progresses by 3% in early trade after the automobile manufacturer reported weaker than the expected results of the fourth quarter, but revealed that it would launch an “unsupported full-fledged driving service” by June.

Tsla’s views on TSLA were mixed as a result of his results and comments, with Dan Ives on Wedbush predicts that the car manufacturer’s estimate will reach $ 2 trillion within 18 months.

A look at Tesla Q4 results

The company’s revenue is $ 25.7 billion, significantly lower than the $ 27.15 billion average estimate. In addition, it generates a 73 -cent action profit compared to the average prospects of 77 cents analysts. In addition, his revenue from operations collapsed to $ 1.58 billion over the Q4 of $ 2.06 billion in the same period a year earlier.

Tesla’s key comments

Executive Director Elon Musk said that without supervisory self -driving would start by June in Austin before being started in other cities in the United States

The carmaker announced that its supplies to a large China have reached record levels through the Q4 and suggested that it will debut a new, relatively inexpensive EV in the first half of this year.

Analysts’ reactions

Calling “Autonomous/AI..90% of Tesla’s history”, Wedbush analyst Dan Ives predicts that Tsla’s stock valuation will reach $ 2 trillion within 18 months.

Seeing much more than a mixed picture was Bank of America. The bank is worried about the volume of the company sales of the company and its lower prices. However, Bank of America was pleased with the progress that Tsla achieved when it came to Robotaxis and other new businesses.

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Read too 8 best wide reserves of moat for purchase now and 30 most important stocks of AI according to Blackrock

Discovery: No. This article was originally published on Insider Monkey.