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Tesla shares pop 10% after blowout earnings 


Positive results are probably sustainable in the near term, but there remain some questions for the longer term, he added.

Morgan Stanley analyst Adam Jonas said it was Tesla’s “strongest quarter in history by virtually every metric.”

Nomura analyst Romit Shah said he found a number of reasons to think profitability and positive cash flow are both sustainable over the long term.

“Tesla cited its structurally superior cash conversion cycle (relative to industry peers), continued Model 3 cost improvements, and yet-to-be maximized operating efficiencies as the primary drivers,” Shah said. The earnings results “may mark the quarter in which Tesla became a sustainably self-funded entity.”

Here’s what every major analyst says about Tesla’s third-quarter profit.



Source : CNBC

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