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Tesla Bulls Praise Musk’s Q1 Earnings Call, See EV Giant On Collision Course With Uber And Lyft — But Critic Says ‘Christmas Just Came Early’ For Bears

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Tesla, Inc.’s (NASDAQ:TSLA) first-quarter earnings call triggered a 13% surge in after-hours trading, but analysts remain divided on the company’s near-term prospects.

Elon Delivers (Mostly): Future Fund‘s Gary Black said CEO Elon Musk delivered one of his best conference calls, despite the slight earnings miss. Incidentally, ahead of the earnings, the fund manager said he regretted not selling his firm’s entire Tesla holding after trimming it from 12.2% in September 2022 to 2.7%.

“We were pleased that TSLA confirmed that not only was the more affordable next-gen vehicle not canceled, [but] TSLA appears to have accelerated the start of production (previously 2025 year-end) to ‘early 2025,’” he said.

Black found other positives, including a higher-than-expected gross margin and reassurances about 2024 volumes exceeding 2023. He did acknowledge the inclusion of unspecified one-time revenue recognition for FSD.

See Also: Everything You Need To Know About Tesla Stock

Robo-Taxi Rivalry: Deepwater Asset Management‘s Gene Munster believes Tesla, Uber, and Lyft are on a collision course, based …

Full story available on Benzinga.com

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