Tesla's Blockbuster Q2 Deliveries: Gene Munster Shares 5 Takeaways — And Why He Rules Out Margin Recovery In June Quarter
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) reported record second-quarter deliveries, with year-over-year growth accelerating from 36% in Q1 to 83% in Q2. Analyst Gene Munster of Deepwater Asset Management highlighted that Tesla's price cuts are significantly effective. However, he does not expect a margin recovery in the June quarter, predicting the auto gross margin to align with March 2023's 19%. Tesla's stock ended Friday's session up 1.66% at $261.77.
July 03, 2023 | 5:01 am
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Tesla's record Q2 deliveries and year-over-year growth of 83% indicate strong performance. However, the lack of expected margin recovery could potentially impact the company's profitability.
Tesla's record Q2 deliveries indicate strong demand for its products, which is a positive sign for investors. However, the lack of expected margin recovery, as predicted by analyst Gene Munster, could potentially impact the company's profitability in the short term. This could lead to mixed reactions in the market, but the overall strong performance is likely to have a positive impact on the stock price.
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