 Hey guys, how you doing? This is rich from rich TV live and I have some breaking news. Tesla is exploding up 11% aftermarket now at $645 due to the fact that they did beat Apparently the Tesla delivered better than expected Q4 2019 results on Wednesday Earlier the company reported deliveries of 112,000 vehicles during the fourth quarter a record for Tesla Shares and Tesla have continued to rally since Elon Musk's electric car maker reported a surprise profit in Q3 Tesla has reported fourth quarter results and it's a beat on earnings the stock spiked as much as 13% on the news after hours Here's how the company did versus expectations. This is breaking news on CNBC earnings 2.14 adjusted verse 1.72 per share expected Revenue 7.38 billion versus 7.02 billion expected according to Refinitiv Tesla said it expects positive cash flow and net income on a continuing basis going forward with possible Exceptions as it launches and ramps up production for new products the company's automotive gross margins were down slightly year-over-year and sequentially at 22.5% for the quarter the company said it has Already begun a production ramp for Model Y its newest crossover SUV at its Fremont, California car plant The company also plans to build the Model Y eventually at a factory. It plans to build in Brandenburg, Germany in 2021 Tesla shared a photo of the production version of the Model Y in its earning report for 2020 Tesla said vehicles deliveries should comfortably exceed 500,000 units on the energy storage and solar side of Tesla's business the company said it deployed 54 MW's of Solar in Q4 up sequentially by 26% and contributing to 436 million in revenue for the segment it made even more money in the quarter 580 million from services and other businesses which includes everything from repairing its customers cars to selling merchandise to fans Here's some of the revenues as you can see on this chart The company guided that solar and storage deployments should grow at least 50% in 2020 Tesla had already reported deliveries of 112,000 vehicles globally during the fourth quarter a quarterly best for the company that Number significantly topped Wall Street estimates and hit the low end of Musk's year-end sales goals So those are the numbers what I'm gonna do is I'm gonna try to stream the Financial report later on today when I get some time Tesla breaking out at 647 $649 right now up 11.71% aftermarket after posting a beat on Earnings estimates is your boy richard much to be live and I'm out the number one pick Tesla has not disappointed Up now around 50% in the month It's true. All we do is bring your winners, baby Winner winner chicken dinners your boy rich from Mr.. Live, and I'm out peace