Tuesday’s Headlines: Tesla’s Revenue Jumps 74%

Tuesday’s Headlines: Tesla’s Revenue Jumps 74%

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

Redfin (RDFN) +9.5%

PagerDuty (PD) +6.6%

Shopify (SHOP) +6.1%

Nautilus (NLS) +6.0%

Sea Limited (SE) +5.2%

Moving Down ⬇️

Tripadvisor (TRIP) -4.4%

Etsy (ETSY) -4.4%

Chuy's (CHUY) -4.0%

Boston Beer Co. (SAM) -3.9%

FactSet (FDS) -2.9%

1. On Monday, Tesla (TSLA) confirmed its dominance in the EV space by smashing analysts’ earnings expectations. The automaker posted adjusted earnings per share of $0.93 on revenue of $10.39 billion, up 74% from the year-ago period. Tesla also recorded returns of $518 million from sales of regulatory credits and a $101 million profit from Bitcoin gains during Q1. The EV company set a new record for vehicle deliveries, reporting 184,800 sales of its Model 3 and Model Y cars. Looking forward, CEO Elon Musk confidently stated that Tesla will increase vehicle delivery growth by over 50% in 2021. Despite these positive numbers, the stock slipped 3% in after-hours trading as Wall Street digested the report. Read the full press release here

MyWallSt’s CEO and Chief Investor, Emmet Savage, discussed Tesla’s earnings live on CNBC yesterday — watch it back here. 

2. Facebook’s (FB) fears are being confirmed today as Apple (AAPL) releases its new privacy changes. The iOS 14.5 update has caught advertisers' attention as many worry that it will negatively impact their ability to target ads to iPhone owners. Users will now see a pop-up when they open an app that wants to access their unique device ID, which is used by marketers, and will then be asked if they agree to be tracked. Facebook has even waged a campaign against Apple over the change and stands to lose a chunk of revenue as a result of the update. See more on the story here

3. Spotify’s (SPOT) shares jumped in after-hours trading yesterday upon the news that the audio streaming provider is raising its pricing in the U.S. and UK at the end of the month. In the U.S., Spotify's Family Plan will increase by $1 to $15.99 per month. Across the pond in the UK, Student and Duo subscriptions are going to be put up by £1 while the Family Plan will be raised by £2 to £16.99. Shareholders are pleased to see the Swedish company bringing in more revenue, which should increase further if Spotify makes good on its promise to expand into 85 new markets to reach over one billion listeners globally. Check out the full story here

There are 5 companies on the MyWallSt shortlist that will report earnings today: 

Alphabet (GOOG)
Hasbro (HAS)
Microsoft (MSFT)
Pinterest (PINS)
Starbucks (SBUX)

Get this week’s full earnings calendar here.