Stellar Surges, Cash Burns, and an Epic Earnings Showdown

Being in the headlines, Tesla made a captivating announcement in early April. Bucking expectations, the company confidently declared that it would not require further capital infusion for the year. The market responded with a meteoric surge, propelling its shares up by a dazzling 6.9% during intraday trading.

Fast-forward to May 2, 2018, when Tesla unveiled its quarterly report, showcasing narrower-than-anticipated losses. However, the company continued to burn through cash at an astronomical pace, striving to outpace its production goals. This revelation caused the stock to plummet by $2 billion after the CEO refused to address “boring, bonehead questions” during a truly epic earnings call.

Next: Was this the basis for great things ahead?