Tesla 4Q earnings win: Analyst comments on stock price record, report - Business Insider

Tesla beat analyst estimates for fourth-quarter profit and revenue Wednesday afternoon, and the subsequent stock spike prolonged the automaker's strong rally in 2020.The company announced its Model Y CUV would reach delivery sooner than expected, and projected it would “comfortably exceed” 500,000 total deliveries in 2020, a 36% gain from last year's figure.The earnings win saw Tesla shares jump as much as 12% to hit a record-high price of $650.88 per share.Here's what four analysts said about the soaring stock price and fourth-quarter earnings win.Watch Tesla trade live here.Tesla bested analyst estimates with its fourth-quarter report on Wednesday afternoon, prolonging its stock surge through 2020 and easing fears of a continued supply struggle.

The automaker's stock soared as much as 12% Thursday following the blockbuster report. Tesla beat expectations for both quarterly profit and revenue, and noted its 2020 deliveries would “comfortably exceed” 500,000 vehicles compared to 2019's 367,500.The company also accelerated the rollout of its Model Y CUV, saying a “production ramp” started in January and deliveries would begin by the end of March.The earnings win drove Tesla shares to an all-time high of $650.88 per share. The stock has already notched several record highs through the new year, granting a hefty compensation package for CEO Elon Musk and establishing the firm as the highest-valued automaker in the US.Tesla traded at $640.50 per share as of 3:10 p.m. ET Thursday, up about 55% year-to-date.

Here's what four analysts have to say about Tesla after its positive fourth-quarter figures and surging stock price.