[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.
![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722250544717-b3f687c7b7.png/big?area=103&is_public=true)
On June 5th, the central bank initiated a shift in monetary policy by trimming the overnight lending rate from 5% to 4.75%, reversing the trend of rate increases that started in March 2022. Then, on July 23, amidst a dip in Canada's inflation to 2.7% in June, the Bank of Canada further reduced the rate to 4.5%, marking the second cut of the year.
Tiff Macklem, the Governor of the Bank of Canada, hinted on Wednesday that if inflation trends align with projections, we might see a continuation of rate reductions.
![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722250807785-71167f3c87.jpeg/big?area=103&is_public=true)
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1) Break a leg! ![]()
An Australian surfer, aged 23, fended off a brutal attack by a great white shark which resulted in the loss of his leg on Tuesday. Following the incident, the surfer's leg was discovered on the beach, and medical professionals are currently assessing the possibility of reattaching the detached limb. I guess it was not seasoned properly. You will get 1 star on Google by the shark.
![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722252667253-7016c1fa6e.jpeg/big?area=103&is_public=true)
2) Say cheese! ![]()
Paris has welcomed the opening of France's inaugural cheese museum, coinciding with the Olympic Games. Its founder, Pierre Brisson, created it with a purpose of keeping the art of cheesemaking alive in France. But this should not be a problem. You go to tourist attractions and listen when visitors take pictures. They are "cheesemaking" all the time.
3) I only date PhDs, cuz they have higher degrees ![]()
Robert Downey Jr. is set to re-enter the Marvel Cinematic Universe with a new metallic guise, taking on the character of Doctor Doom. Now who can say PhDs are poor and nerdy.
Okay, let's dive back to the syrup:
Tesla's diving surprised us all?
In Q2 2024, $Tesla(TSLA.US$'s revenue slightly rose by 2% to $25.5 billion, primarily fueled by its auto segment at 78%, with its energy storage and other ventures contributing 12% and 10%, respectively. However, operational costs surged by 39% to $2.97 billion, dragging EBITDA down by 21% to $3.67 billion and slicing net income by nearly half to $1.48 billion, with EPS falling short at $0.52 against the anticipated $0.58.
The sharp 45% fall in net income is largely attributed to escalated operating expenses, especially in AI research and development—a strategic investment for Tesla's future expansion.
The increase in AI-related spending is a critical factor in Tesla's lower net profits, even as vehicle deliveries remain robust. Tesla's strategic bets on AI, including the development of its new platform, Robotaxi rollouts, and Optimus robot enhancements, signal that AI expenses may continue to climb.
![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722251869896-d661aad4ac.jpeg/big?area=103&is_public=true)
On the AI front, Tesla disclosed that the Optimus robot is now active in battery operations at a Tesla factory. Moreover, the expansion of Tesla's Texas mega-factory is on the brink of completion, poised to host the company's most substantial H100 chip cluster to date. Read more>>
Earnings to come! ![]()
As we have already gone past half year, more and more companies are about to release their Q2 earnings. If you want to stay tuned, please check our earnings calendar!
As we have already gone past half year, more and more companies are about to release their Q2 earnings. If you want to stay tuned, please check our earnings calendar!
![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722253177553-4b3cc580fa.jpeg/big?area=103&is_public=true)
What do you think of the rate cut and Tesla? And what's your take on other hot issues in the past week? How they can earn you more money(we pray that for you)?
Share your stories, ideas, feelings and emojis in the comments below:
Event time: From now until August 4, 2024, at 24:00 ET time.
![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722253217548-05c206574b.jpeg/big?area=103&is_public=true)
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![[Weekly Syrup] Rates and Tesla are down. But "earnings" are up now.](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240729/1722252003683-115a12e675.webp/big?area=103&is_public=true)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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mr_cashcow : That RDJ casting as Dr Doom really came out of nowhere, u know what the saying goes u live long enough to see yourself become the villain! The same applies to Elon!
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I see rate cut potentially benefiting tesla as people can take out loans for less to buy an EV but will people still go for a tesla? That is a completely separate qns
WanEH : I look good to Tesla. Musk hinted that additional features would be showcased at the robotaxi unveiling. There is also speculation that a production version and commercial van may be launched. Tesla’s AI advancements and manufacturing scale give it an edge in the self-driving car industry.
102362254 : Last week's hot topics included rocket attacks causing casualties and escalating tensions in the Israel-Lebanon conflict. Attention has also turned to potential winners from the Paris 2024 Olympics. These events show a shifting global landscape with implications for stability.