Tesla Q2 Operating Margin 9.6%, Down From 14.6% YoY; Co. Cites Reduced ASP Due To Mix And Pricing, Cost Of Production Ramp Of 4680 Cells, Increase In Opex Driven By Cybertruck/AI And Negative FX Impact
Portfolio Pulse from Bill Haddad
Tesla's Q2 operating margin has decreased to 9.6% from 14.6% YoY. The company attributes this to reduced average selling price due to mix and pricing, cost of production ramp of 4680 cells, increase in operating expenses driven by Cybertruck/AI, and negative foreign exchange impact.
July 19, 2023 | 8:09 pm
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Tesla's Q2 operating margin has decreased, which could negatively impact the company's stock price in the short term.
Operating margin is a key indicator of a company's profitability. A decrease in Tesla's operating margin suggests that the company's profitability is decreasing, which could negatively impact investor sentiment and lead to a decrease in the company's stock price.
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