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Elon Musk does it again: Tesla presents some accounts that bring it closer to the S&P 500


Those of Elon Musk have passed through the confessional this Wednesday after the closing of the US market. Tesla has reported revenue of $ 6.04 billion, a figure neither more nor less than 12% above the estimates of the analysts, who spoke of 5 billion dollars.

The market has not hesitated to continue celebrating the Tesla numbers and is registering increases of more than 5% in the 'after hours' of Wall Street, which collects operations after hours.

Some climbs that Tesla is already more than used to, especially when we consider its impeccable bullish year. José María Rodriguez, technical analyst at ForexNews.online, who already anticipated strong market movements behind the accounts, assures that the only thing that matters to the market is the projections for the future and not the past.

The income recorded in the second quarter of 2020 is slightly lower than in the same period of the previous year, however, it has declared higher benefits.

The Silicon Valley automaker had reported three consecutive quarters of earnings. This fourth consecutive benefit places it at the gates of entering the S&P 500.

Those of Elon Musk are optimistic for the coming months. "We believe that the progress we have made in the first half of this year has positioned us for a successful second half of 2020, " they explain in a statement.

To make the next few months as successful as the predecessors, Tesla is committed to keeping its automotive division goal intact. They hope that, at their Fremont factory alone, they can reach an annual output of up to 500,000 vehicles.

Keep in mind that sales have beaten all expectations despite the fact that their factories have been closed for months.


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