And the past few quarters of market action have backed that up. Entering Wednesday’s print Tesla’s stock had fallen by 9% or more the day following earnings in five of the past six quarters.
Teslastock was up 20% at $257.13 in late afternoon trading. Shares are on pace for their largest percentage increase since May 9, 2013, when it rose 24.4%, according to Dow Jones Market Data.
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