tl;dr
Highlighting Bitcoin as the focal point of Tesla's Q4 earnings report, it was revealed that the electric vehicle company made no mention of Bitcoin. This suggests they did not buy or sell any during the period. Despite this, Tesla holds over 9,720 Bitcoins, making them the third-largest public holde...
Highlighting Bitcoin as the focal point of Tesla's Q4 earnings report, it was revealed that the electric vehicle company made no mention of Bitcoin. This suggests they did not buy or sell any during the period. Despite this, Tesla holds over 9,720 Bitcoins, making them the third-largest public holder of the cryptocurrency, following MicroStrategy and Marathon Digital Holdings.
Additionally, Tesla reported Q4 earnings per share of $0.71, slightly below the $0.74 consensus, and a revenue of $25.2 billion, falling $590 million short of the analyst's estimate. As a result, Tesla shares plunged by 11.4% to $185.38 per share, while Bitcoin slipped 1.1% to $39.7K in late morning trading.
More about Tesla Inc
Key Financial Metrics:
- Market Cap: 660,674,904,000
- Stock Price: 67.04
- Dividend Yield: 3.1%
- P/E Ratio: 30.28
- EPS: 0.112
- Revenue: 95,924,003,000
- Net Income: 226.81
- ROE: -0.442
- Debt-to-Equity Ratio: 0.088
Stock Performance:
- Tesla, Inc. is an American electric vehicle and clean energy company with strong market presence in the plug-in and battery electric passenger car segments.
- The company's stock price is currently at $67.04 with a dividend yield of 3.1% and a P/E ratio of 30.28.
- Tesla Energy, a subsidiary of Tesla, is a major installer of solar photovoltaic energy generation systems and one of the largest global suppliers of battery energy storage systems.
Market Sentiment:
- Tesla's market sentiment is positive due to its strong sales in the electric vehicle segment and its presence in the clean energy market.
- However, there are potential risks associated with the company's high debt-to-equity ratio and negative ROE.
- Investors should consider these factors when evaluating Tesla's stock performance and market potential.
More about MicroStrategy Incorporated
MicroStrategy Incorporated is a technology company that provides global business analysis software and services. With a market capitalization of $7.52 billion, the stock is currently trading at $221.77. Over the past year, the stock has shown minimal movement, with a 0% change in price. The stock has a 2.03% dividend yield and a 43.49 P/E ratio, indicating a stable and profitable company. Market sentiment is slightly bullish with a relative strength index (RSI) of 0.179, suggesting potential buying opportunities. However, the stock is currently trading 0.775% below its 50-day moving average, indicating a short-term bearish trend. Overall, while the company's financial metrics are strong, there are some uncertainties in the short-term stock performance.
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company has a market cap of $3.62 billion and a trading volume of 259,157,000 shares. The stock has a current price of $17.95 and has experienced a 3.08% decrease in value. Despite this, the Relative Strength Index (RSI) is at 1.638, indicating a potential bullish trend. However, the Bollinger Bands show a -1.337 deviation, suggesting some uncertainty in the market sentiment. It is important to note that past market behavior is not always a reliable indicator of future performance, and investors should consider the potential risks associated with these metrics.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.