Tesla, Inc. (TSLA)
Tesla Faces A Tough Road Ahead As Stock Closes Down 12% After Declining Revenue And Disappointing Earnings Results
Tesla Inc's TSLA stock took a big hit, dropping over 8% in pre-market trading after the release of its second-quarter earnings, which disappointed analysts. The expected earnings per share were $0.62, but the actual figure was only $0.52.
Tesla: Avalanche Of Catalysts
Tesla reported weak Q2'24 results, defined by a 43% profit plunge. Despite concerns about waning demand for electric vehicles, Tesla's margin and free cash flow picture looks solid. Tesla, in fact, achieved its second-highest FCF margin in Q2.
Tesla's Energy Business Grew 2x In Q2. What's Next?
Tesla published a mixed set of Q2 2024 results on July 23, with automotive revenue declining by close to 7% year-over-year and earnings declining by 42%. Several factors have been dampening demand for Tesla vehicles including high interest rates and mounting competition in markets such as China.
Tesla and Alphabet Dragged the Mag 7 to Its Worst Day Since the 2022 Bear Market. How They're Trading Now.
Big Tech stocks tumbled on Wednesday after Alphabet's so-so earnings sparked worries about how long the AI trade will last.
Tesla still some years away from its self-driving dreams – broker
Robotaxis, autonomous vehicles and lower-cost models are the three key areas which could propel Tesla's share price, but investors will have to remain patient, analysts at Goldman Sachs warned. Shares in Tesla Inc (NASDAQ:TSLA) dropped more than 12% on Wednesday after its second-quarter profits fell short of expectations and its gross margins came in 200 bps under.
Tesla Stock Falls. It Catches Another Downgrade.
KGI analyst Terry Lee downgrades Tesla stock to Hold from Buy.
Why It's Time to Sell Tesla Stock After a Disappointing Q2 Performance
EV giant Tesla (NASDAQ: TSLA ) reported its hotly anticipated second-quarter (Q2) earnings on Tuesday. While the results largely beat expectations across key metrics, they were mostly seen as a wash, with Tesla stock closing in the red.
Changes To My Financial Model After Tesla's Q2 Earnings Report
Tesla shares have rallied sharply since my last article, but could return some gains as investors still view it as a car company. Tesla's 2Q'24 earnings report showed mixed results, with declining deliveries but strong growth in Energy Storage. Cybertruck sales are strong, but this might just be pent-up demand.
How Government Programs Help Fuel Tesla Profit
Things could have been so much worse for Tesla TSLA -12.33%decrease; red down pointing triangle this past quarter.In a period when profit fell 45%, the electric carmaker benefited from a potent weapon for improving its income statement: regulatory credits.
Tesla's Auto Business Has Become a Huge Problem
Sales are falling, margins are dropping, and competition is taking market share from Tesla in EVs.
Analysts revise Tesla stock price target
Tesla (NASDAQ: TSLA) continued its losing streak in the latest trading session, as the EV maker shredded an additional 12.33% to close at $215.99. Losses of 0.59% are set to extend in the pre-market on July 25.
Chinese EV startups are spending more on research than Tesla is
Chinese electric car companies are outspending Tesla and traditional fuel-powered cars on research and development as a ratio to sales. Many Chinese automakers already spend as much as or more than their global peers on R&D as a percent of revenue, a significant increase from many years ago, Paul Gong, autos analyst at UBS, told CNBC.
