Tesla delivered an awesome earnings surprise. How come no one saw it coming?

When a company beats Wall Street analysts’ earnings expectations, its stock price tends to rise.

When Tesla announced third-quarter results last week, it didn’t merely beat analyst expectations — it trounced them. Cable TV tickers flashed the news worldwide. The company’s stock price didn’t simply rise; it soared.

“They pulled this off very well,” said Anton Wahlman, an investor who goes short and long in Tesla depending on the price of its volatile stock.

Now Wahlman, other Tesla investors, Wall Street analysts and anyone obsessed with Chief Executive Elon Musk’s high-wire style all eagerly await the imminent release of the company’s official 10-Q report for the quarter.

Read the entire article at LAtimes.com