Companies

Tesla reported Dec-18 mixed results, beating revenue but missing earnings. Shares are down 4% after hours, reacting mostly to news of CFO Deepak Ahuja leaving the company. Bottom line: the company’s fundamentals are trending in the right direction, and the list…

Facebook shares are up ~11% after hours as the company showed users and advertisers have not gone anywhere despite 2018’s privacy backlash. Strong average revenue per user (ARPU) growth shows Facebook is getting better at monetizing its massive user base…

Apple reported Dec-18 results essentially in-line with the company’s January 2nd pre-announcement. While revenue was down about 5% y/y, EPS was up 8% to a record high. Bottom line: no company can escape macroeconomic conditions, but Apple is successfully navigating…

Shares of Nvidia are down 15% after the company lowered its guidance for the fourth quarter. Full Jan-19 results will be reported on February 14th. Nvidia pre-announced Jan-19 results 19% below the Street. ($2.7B to $2.2B). This miss is particularly…

Believers in the Tesla story are accustomed to having their faith tested. Last week’s 7% headcount reduction, what appears to be an upcoming revenue and earnings guide down for Mar-19, and pending $920M debt payment due in March emphasize that point.…

Mark Zuckerberg is telling us what to believe again, this time in a WSJ op-ed “The Facts About Facebook.” Zuckerberg’s defense of Facebook’s business model is fair. Unfortunately, the article also shows we shouldn’t expect Facebook to change how it…

The Dec-18 quarter is significant for two reasons: First, this call is the initial forum for Apple to address the revenue miss that they pre-announced on January 2nd. Second, the quarter will be Apple’s first under its new reporting methodology, which…

Tesla reports its Dec-18 quarter on Wednesday, January 30th. As a recap, the company announced on January 2nd that it had produced 86,555 vehicles including 61,394 Model 3s in the Dec-18 quarter, essentially in line with the Street. Here is…

As we think about investing in the future of work, retail, communication, transportation, play, and experience, it’s important to discuss one of the most impactful and often underrated players in the entertainment industry, YouTube. Almost 2 billion people log on…

Today’s 13% drop in shares of TSLA diminishes the probability that the $920M note, due on March 1st, will convert to equity. If the stock fails to reach a share price of $360, the company will have to service the debt…

Tesla’s plan to reduce headcount by 7% does not change our long term view on the company. Note that Tesla increased headcount by 30% last year to ramp Model 3 production. Realized manufacturing efficiencies will allow the company to reduce headcount…

Here are our five key takeaways following Netflix’s December results: Netflix reported Dec-18 revenue essentially in-line and earnings 25% above street consensus. The company guided Mar-19 revenue 2% below the street and earnings 33% below the street. The disconnect between…