Tesla Inc TSLA shares are trading lower by $3.50 (1.2 percent) at $273.89 in Wednesday's session. After the close, the company will release its Q4 earnings report. Street estimates for EPS stand at $(0.28) on revenues of $2.24 billion.
Last quarter, the company ended a seven-quarter losing streak of being in the red, when it posted a $0.71 gain vs. $(0.46) estimates. Over that same seven-quarter period, revenues have come in lower in those quarters, with one being inline.
Related Link: 6 Things Elon Musk Is Working On Other Than Tesla
After a higher open, Tesla's stock cleared Tuesday's high ($281.40), reaching $283.45 before reversing course. That's well shy of its recent high for move made on February 14 at $287.39.
The ensuing decline has breached Tuesday's low ($274.01), reaching $272.60, but has since rebounded back into the upper $274.00 handle.
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