Tesla Spiked 13%: Is It A Dead Cat Bounced?
$Tesla(TSLA.US$ just released its Q1 earnings yesterday, and while the numbers didn't quite meet market expectations, Elon Musk's theatrics managed to captivate the market, painting a picture of a dazzling future for Tesla. With the promise of a "revolutionary" cybercab and plans to roll out more affordable models by 2025, Musk worked his magic and sent Tesla's shares soaring by 13% during after-hours trading.
But before you get swept away by the hype, we encourage investors to be more caution. There are still reasons to remain skeptical about Tesla's prospects, especially if the electric vehicle industry lacks a substantial competitive advantage. Here's our take on the current state of Tesla and the highlights from the report.
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