TSLA’s stock price has climbed from $5.85 to $6.50 on Wednesday, as it has done in every trading session since late July, but analysts are not sure when the stock will close.
The stock is currently trading for $6,957.50 a share, up 1.5% over the prior session.
The company posted a profit of $1.3 billion on revenue of $2.8 billion for the quarter, the largest quarterly profit ever.
The stock closed at $631.50, up 4% from its closing price in July.
“We expect TSLA to continue to achieve strong earnings growth as we continue to focus on the business of delivering premium-quality wireless and high-speed data networks,” said Jefferies analyst David Lohse.
“We expect this to translate into improved EPS and profitability as we increase our deployment of LTE-Advanced technology.”
Despite the stock’s gains, analysts are expecting the company to face more headwinds in the coming quarters.
Last quarter, Verizon Communications reported quarterly net losses of $3.3 bn.
The financial results for the second quarter also showed a quarterly loss of $4.7 bn, a net loss of 2.9% from a year ago.
In 2018, Verizon lost nearly $2 billion, and last year it lost $3 billion.
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