How Could Tesla Be A Penny Stock?! Elon Musk has been called a lot of things over the years but never CEO of any penny stocks last I checked. But this latest bout of attention has some scratching their heads. The company reported its earnings on Wednesday and actually surprised Wall Street analysts. Musk’s Tesla Inc. (TSLA Stock Report) posted a first-quarter profit during a period where global economies have all but been destroyed. And while unemployment figures “are slowing” the totals continue to rise. So what happened with Tesla during Q1? The company reported quarterly earnings of $1.240 per share. This beat an analyst consensus estimate of $(0.360) or a 444% beat. It’s also a $142.76% jump over losses of $(2.90) per share from the same period in 2019. On top of this, the electric car company reported quarterly sales of nearly $5.985 billion, beating analysts’ estimates of $5.9 billion. This figure was over 30% higher than sales results from a year prior. This was also the company’s third-consecutive quarterly profit even in light of COVID-19.Certainly, these results echoed strength from the cult-like company. Its progress in China has also been cause for attention this year. According to Tesla, the company’s Model S/X and 3/Y production were up year over year; 9% and 39% respectively. On top of that, the company said it reached production of 1,000 solar roofs in a single week showing that it’s continuing to focus on other diversified segments of the company. Tesla Stock Earnings Overshadowed By Comments From Musk When it comes to being outspoken, Tesla’s CEO takes at least a Top 10 spot. Known for wild antics, controversy, and the like, it’s almost expected that we hear something that will raise eyebrows unrelated to electric cars. Elon Musk didn’t disappoint, in fact, in light of these impressive results, it was the CEO’s comments that have made headlines on Thursday. During a post-earnings conference call, Elon Musk expressed his disapproval of the economic shutdown. Did Analysts Really Call Tesla A Penny Stock Pump?