5 Stocks Making Moves on Financial Results

In this article, we discuss the 5 stocks making moves on financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Moves on Financial Results.

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Tesla, Inc. (NASDAQ:TSLA) recently came into the limelight after posting record results for the third quarter. The world’s biggest electric vehicle (EV) manufacturer reported adjusted earnings of $1.86 per share, significantly higher than 76 cents per share in the same period last year.

Revenue for the quarter climbed 57 percent on a year-over-year basis to $13.8 billion. Analysts were expecting Tesla, Inc. (NASDAQ:TSLA) to report earnings of $1.57 per share on revenue of $13.6 billion.

In the third quarter, Tesla, Inc. (NASDAQ:TSLA) delivered 241,300 vehicles, well above 241,300 in the comparable period of 2020. Analysts were expecting the company to deliver 220,900 vehicles.

Tesla, Inc. (NASDAQ:TSLA) shares slipped more than one percent in the pre-market trading session on Thursday, 21 October 2021, despite the strong results. The drop apparently came after the company stated that chip shortage and logistic challenges have been affecting its ability to produce vehicles at full capacity.