Former Ford CEO explains why Tesla's stock is growing

Tesla shares soared in premarket trading Thursday after the automaker said it delivered about 90,650 vehicles in the second quarter, handily beating Wall Street expectations as the electric car maker’s sales withstood the economic downturn better than most competitors.

Analysts expected Tesla to deliver about 72,000 vehicles during the last three months, according to a consensus of analysts surveyed by FactSet. A broader set of analyst estimates, compiled by Bloomberg, set higher expectations — 83,000 vehicle deliveries in the second quarter.

Shares of Tesla zoomed nearly 9% to $1,219.02 in Thursday’s premarket, a day after closing 3.7% higher to $1,119.63.

Deliveries are the closest approximation of sales numbers reported by Tesla, and the electric car maker’s numbers held up significantly better than its competitors. Tesla’s deliveries fell by just 4.8% from the same quarter last year even as auto sales the world over, and especially in the U.S., slumped during the quarter after Covid-19 outbreaks led to health restrictions on households, travel and businesses, mass layoffs and wage cuts.


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[xbxb]

Why this guy is a former CEO of FORD? He should be the CEO now, he knows and understand the space.

[Cydonius]

Ford guy says he wouldn't put out a tweet like that, but then again I never knew this guys name or he worked for Ford till today but I have known about Elon for years.

[deava]

2021 will be the year where tesla is making cars on 3 continents... then European car manufacturers will be in real trouble because tesla would compete with them on equal ground, taxes...etc..

[reviewguy]

I was skeptical about what Mark Fields was going to say but he actually gets it.

[macioluko]

@5:00 If Elon's Tweets are the only risk for Tesla then I'll take 100 more shares.

[LoanwordEggcorn]

Tesla's gross profit margins are in the 25+% range for Model s and Model X and the 20% range for Model 3. Model Y is probably more profitable than Model 3 since it's simpler to manufacture. This is highly transparent and visible in their public financial filings. Those are very high profit margins, comparable to BMW or Mercedes and much higher than Ford, GM, Toyota, etc.

[tenob]

Finally I hear someone saying something positive about Tesla. It’s usually negative

[ahsanmohammed]

3:03, July 20th 2020
$1, 200 a share or $328 a share?
I’m confused.

[keyframex]

Pooling resources won't work. This is just like when "adding manpower to a late software project makes it later" (from Fred Brooks' "The Mythical Man-Month"). Traditional auto is toast. Tesla won it all.

[GurpsCheema]

this guy should take some credit, for pushing a good 100 years old company into the abyss LOL

[تومريتشاردز]

Robinhood investors are probably looking at Ford stock and thinking if it goes to $100 they can retire lol.

[hipzwhitetower]

I have 50 shares at 280 and they were free woot woot.

[fabriziomarchetti]

Basically the business model of Musk is this: SOFTWARE.

[harrychu]

Going to a zillion a share. Buying tesla today is like buying Amazon in 2014.

Buy buy buy.

[Ron]

0:10 was that a warm smile or a slight diss?

[Eldyie]

Because Tesla is not a car company, it is a logistics, data, solar, battery, and then a car company.

[ARGO]

I feel im losing money by my inaction of not investing with tesla

[UnipornFrumm]

Its wierd how for other auto manufacturers is cheeper to help tesla grow instead of making theyr own electric vehicles

[thorbenreuter]

Wait a minute
If Tesla will hit 3000 per share for sure in the future why are we idiots not going in debt and betting everything we have on Tesla?

[FakeGarySullivan]

My channel has the 2 best stonks for anyone