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Why Tesla Stock Is Popping Off Today – Benzinga

Tesla Inc. TSLA The stock traded 10.59% higher at $177.24 on Friday, continuing the company’s upward momentum. Reports Fourth Quarter EPS and Revenue Better than ExpectedTesla reports total production in the fourth quarter was 439,701 units, up about 44% year-over-year. In the fourth quarter he shipped 405,278 units, up 31% year-on-year.

A number of analyst ratings have been amended following Wednesday’s report.

  • Citigroup analyst Itay Michaeli maintained a neutral stance on Tesla in Thursday’s premarket session, raising his price target to $146 from $137.
  • B of A Securities analyst John Murphy has kept Tesla neutral and raised his price target to $155 from $130.
  • Wolfe Research analyst Rod Lache keeps Tesla outperforming and raises its price target from $160 to $185.

Related item: Tesla Q4 Earnings Highlights: Earnings and EPS Beats

Tesla Earnings Highlights, Recap

Tesla reported fourth-quarter revenue of $24.32 billion, up 37% year-over-year. According to the data, total earnings topped Street’s estimate for him of $24.16 billion. From Benzinga Pro.

Tesla reported fourth-quarter adjusted earnings per share of $1.19, beating Street’s estimate of $1.13.

The company said it posted its best revenue, operating profit and net profit in the company’s history in the fourth quarter.read more

Tesla has a 52-week high of $384.29 and a 52-week low of $101.81.

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