Welp, you’ve seen the numbers. Profits are down. Way down. Uncertainty is palpable due to a trade war. And yet, Tesla stock is up 1.3% in after-hours trading — as of 4:33 p.m. ET. Why?
Perhaps, folks are focused on Tesla’s comments on AI or that it is sticking to its plans for new cheaper models. We’ll be watching to see if the stock budges once the earnings call begins.