Tesla Inc. shares extended their meteoric gains in U.S. pre-market trading as even the most pessimistic analysts struggled to find faults in the electric-car maker’s quarterly earnings report.
It was a “home-run quarter” for Elon Musk’s firm, according to Wedbush’s Dan Ives, as the company reinstated its original delivery target of 500,000 units in fiscal 2020 and reported its fourth consecutive profit. Cowen’s Jeffrey Osborne upgraded his rating to market perform, removing the underperform recommendation he has held since initiating coverage of the stock in 2016.
