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Showing posts from August, 2019

TSLA Shows Decent Quality of Earnings

Tesla creates a lot of polarization.  It's like the industrial equivalent of our current political state. I find that the main narrative is vitriolic in nature.  The people in the love-camp don't have a tonne to write about because Tesla's financial and operating results aren't meeting expectations, it's difficult to argue back. I'm going to offer this item of information to the debate.  It's a quality of earnings I ran on the large cap automotive and automotive aftermarket. TSLA's are good.  Not great, but good and they are the highest, along with two other firms in the group, which further impresses.  The quality of earnings matter.  They tell us whether what's being presented can be trusted or not. TSLA got a 6 out of 9, compared to a group average of less than 4.