Tesla Shares Rise Slightly After Big Earnings Beat

Tesla  (TSLA) – Get Report shares rose a slightly after an impressive earnings beat. The company is showing it is continuing to grow profitability, but the stock did not move up aggressively.

The stock entered earnings down 4.9% for the past 5 days, but up 54% since early August. At just under 10 times enterprise value-to-sales, the valuation was not necessarily unreasonable for a growth stock heading into earnings.

After earnings, the stock only rose about 2.3% to $432 a a share.

Here were the results against expectations:

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