Why $TSLA Surged on Bad Earnings

04/24/24 02:42PM EDT

In today’s edition of The Call @ Hedgeye, Industrials analyst Jay Van Sciver and Hedgeye CEO Keith McCullough discuss Tesla’s latest earnings report, which caused the stock price to jump ~10%.

“Tesla is out with one of the objectively worst quarters I have seen from a manufacturer for a while,” said Van Sciver.

“It’s all about believing or not. It’s not about the numbers, it’s nuts,” added McCullough.

Watch the full clip for insight on the price spike, and our outlook on the stock.

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