Here’s Why Tesla and Google Are Buys Right Now

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(Source: TC2000.com)

Alphabet (GOOG) and Tesla (TSLA) have little in common other than being neighbors in the Nasdaq-100 Index, focusing on making self-driving a reality over the long run, and delivering solid results in their Q1 reports. In Alphabet’s case, the company smashed revenue estimates and reported $55.3BB in revenue, a massive beat vs. consensus of ~$52BB. This translated to 34% growth year-over-year and the company’s strongest quarter for sales growth in over two years. In Tesla’s case, the company beat revenue by more than $110MM with revenue of $10.4BB while also posting a massive beat on automotive gross margins of more than 200 basis points. Let’s take a look at Alphabet below:

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