The power of Elon Musk.
Here is what TheStreet picked up on from the earnings call that helped fuel a 10% pop in Tesla's stock in after-hours trading Wednesday. Shares indicated up 9% in pre-market trading Thursday.
- Musk promised (again) Tesla would be profitable each quarter going forward. He did leave himself an out should the economy weaken from strong second quarter growth rates. But the promise was enough for the Tesla bulls.
- Musk reiterated he doesn't expect an equity capital raise.
- Musk suggested (again) Tesla has fully autonomous driving capabilities ready to go today.
- Musk apologized to the two Wall Street analysts he embarrassed on the first quarter earnings call. He blamed a lack of sleep last time. A more mature Musk emerging? Who knows, but Wall Street appreciated the olive branch.
Read more on Tesla's future from TheStreet here.