Tesla’s Earnings: More Twists Than Financial Jenga
Alright folks, grab your popcorn because Tesla just dropped its Q2 earnings, and it's a doozy! Tesla reported a smooth $0.52 per share on a whopping $25.5 billion in revenue. That’s right, Elon’s piggy bank just got a lot heavier.
Now, Wall Street's crystal ball (aka analysts from FactSet) predicted $0.62 per share on $24.77 billion in revenue. So, Tesla decided to show off and beat those revenue expectations but missed the earnings mark. It's like when you impress your date by remembering the wine but forget the anniversary.
Post-market trading saw Tesla at $246.38, down 2.04%. Ouch. And then it dipped even more to $240.28, down 2.48%. It's like Tesla stock is on a roller coaster designed by Elon himself.
But hey, it's not all bad news. They smashed revenue estimates in both automotive and energy sectors and even exceeded expectations on gross margin. It’s like winning the lottery but losing your ticket – bittersweet.
**Disclaimer**: Don’t take this as financial advice. Seriously, I’m just here for the laughs.
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102278658 : best part is it's revenue was boosted by credits