Tesla’s stock surged as much as +13% in extended trading yesterday after the company reported strong fourth-quarter results that beat analysts’ estimates. Tesla said it expects positive cash flow and net income going forward. Vehicle deliveries should also “comfortably exceed 500,000 units,” in 2020. The company also said it planned to allocate the same amount of capacities for its new Model Y, an electric crossover utility vehicle that it started producing this month in Fremont, California. Boosted by strong demand for its vehicles in Europe and China, Tesla on Wednesday said its cash balance increased to $6.3 billion. The company reported earnings of $2.14 per share excluding certain items on revenue of $7.38 billion, while analysts expected earnings of $1.72 per share on revenue of $7.02 billion, according to Refinitiv. Source: CNBC)

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