*By Kavitha Shastry*
Tesla was a notable standout Tuesday in a market that was flooded largely in red.
The electric automaker saw shares rise nearly 13 percent after Citron Research, the firm run by short-seller Andrew Left, turned [positive on the stock](https://citronresearch.com/citron-reverses-opinion-on-tesla/), calling its story "too compelling to ignore."
It was a major reversal from the company, which nearly five years ago said Tesla ($TSLA) would be drowned out by rivals by the time it got its product on the market. Now, though, Left says it's "destroying the competition."
He pointed to sales of the mass-market Model 3 and even the higher-end Model S, which are both well ahead of similar offerings from brands like Lexus and BMW. And while the company has certainly struggled with meeting demands over the last several years, it delivered more than 80,000 vehicles in its most recent quarter, more than double what it did the three months before.
Citron's report came out shortly after Tesla said it would post third quarter earnings after the bell on Wednesday, about a week earlier than many expected and, as Left pointed out, the earliest release by the company in two years.
It's an important report from Tesla ー CEO Elon Musk has promised the company, which has been burning through cash as it ramped up production, would be cash flow positive in the second half of the year. But despite the positive sales numbers, there are still a lot of questions.
"Coming into the third quarter, it's just a huge wildcard, because we just haven't seen this kind of scale from Tesla yet," Daniel Sparks, contributing senior tech analyst at Motley Fool, said in an interview with Cheddar Tuesday.
"You have a super capital-intensive business that's highly vertically-integrated, so it makes predicting Tesla's profitability very hard. It means that when Tesla brings a new product to market, costs are going to be extremely high."
But Left thinks the accelerated timeline is a good sign.
"Does anybody think that Tesla decided to move up its earnings release date because of bad news?" he wrote in his report.
Left hasn't changed his mind on one thing, though ー he's still suing Tesla and Musk over the now-infamous "[funding secured](https://twitter.com/elonmusk/status/1026872652290379776)" tweet, claiming the CEO's statements manipulated the price of the company's stock.
Musk was also sued by the SEC, charges that were officially settled last week and resulted in him agreeing to step down as chairman of the company for three years.
Even with Tuesday's gains, though, Tesla shares are still about 25 percent lower than where they were before Musk's tweet.
For full interview [click here](https://cheddar.com/videos/what-to-watch-for-teslas-next-earnings-report).
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
