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MARK TO MARKET
Big run in Tesla a warning for dull Singapore market
As investors gravitate towards world's biggest and best performing stocks, local companies must demonstrate new relevance
After reporting more than US$1.1 billion in losses for the first two quarters of 2019, Tesla unexpectedly turned profitable in Q32019 with earnings of US$143 million, on cost cutting and strong deliveries of its electric vehicles.
PHOTO: AFP
AFTER hearing about all the money that some of my friends have made recently from trading shares in Tesla, I decided to listen to the company's Q42019 earnings call to see what all the fuss was about.
On the face of it, the electric vehicle maker really appears to have hit its stride....
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