I guess $Netflix(NFLX)$& $Tesla Motors(TSLA)$are the main topics of this week?
$Netflix(NFLX)$ fell 35% after its quarterly results showed a loss of 200,000 subscribers in the first quarter, its first reported subscriber loss in more than 10 years.
That was its biggest decline since 2004, and the streaming company is now the worst performing stock in the S&P 500 this year, down 62%.
(Talks about looking at the big picture šø )
"They" also estimated a further expecting fall in subscribers for the next quarter. So... .
So, many 'top analysts' look down in $Tesla Motors(TSLA)$& downgrade the TP since 4Q21 & expected bad/slow down for 1Q22. I think otherwise...
1Q22 results out & haha =
Beat analysts' expectations on top and bottom lines for Q1 2022. For the period ending March 31, 2022 Tesla reported $3.22 earnings per share, and revenue of $18.76 billion. It also recorded record automotive margins of 32.9%. Shares rose as high as 6% in after-hours trading. Automotive revenue reached $16.86 billion, up 87% from the same period last year. Tesla reporting gross profit of $5.54 billion in its main segment.
Not bad eh ?
It's something most of us expected already... Surprising , for some reason... we are better than those 'top analysts' this time round, pupupu
. ("They" trying to spread fear?
)
DYODD before investing
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