It's Thursday, October 22nd.

Welcome to Market Foolery.

I'm Chris Hill with me today, Mr. Jason Moser.

Good to see you, my friend.

Good to see you, my friend.

Good to see you.

We've got, I said it before, it's my favorite time of year, it comes four times a year. We got earning season heating up.

We got Chipotle, we got Tesla, we're gonna perform an autopsy on Quibby.

Let's start with Tesla though.

Tesla reported a profit in the third quarter that was higher than Wall Street was expecting

and this is the fifth quarter in a row that Tesla has delivered a profit stock up about 5%

this morning. It was one of those things where the light bulb went off above my head this morning.

Jason I was like fifth quarter in a row profits earnings. Oh wait they have a PE ratio now.

I wonder what it is.

And it turns out it's just shy of 1100.

Oh, it's, you know, I mean, I guess the market is just pulling forward some very some very robust expectations.

Let's just maybe leave it at that. You know, I don't have a dog in this hunt so to speak.

I don't own Tesla shares I've not

recommended it I've I'm not short it I just I enjoy following this business

learning from it and just there's some entertainment value there for sure. The core business here is really so simple right? I mean they make cars and they sell them to people and yet it's such a sideshow to the distractions and the drama with analysts who are just so dead-set on like in the and I mean it's it's like it's honestly it's like DC I mean nobody's gonna budge right

but I mean to your point fifth consecutive quarter of profitability I mean yeah we could sit there and argue about how they got to

profitability and you know, I'll note that regulatory credits I think are probably a big question

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