Tesla Stock Loses Charge Premarket Despite Strong Q2: What's Going On?
Portfolio Pulse from Shanthi Rexaline
Despite reporting strong Q2 results with earnings per share of $0.91 and revenue of $24.93 billion, both surpassing estimates, Tesla, Inc. (NASDAQ:TSLA) shares dipped in premarket trading. The company's management expressed optimism about the future, citing the upcoming Cybertruck launch and reaffirming the goal of 1.8 million annual deliveries. However, concerns were raised about the role of other income in boosting results and a decline in the company's energy segment revenue. The stock fell 2.87% to $282.90 in premarket trading.

July 20, 2023 | 9:40 am
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Despite strong Q2 results, Tesla's stock price fell in premarket trading due to concerns about other income sources and a decline in energy segment revenue.
Tesla's strong Q2 results were overshadowed by concerns about the role of other income in boosting results and a decline in the company's energy segment revenue. These concerns led to a dip in the stock price in premarket trading.
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