What's Going On With Tesla Stock Today
Portfolio Pulse from Henry Khederian
Tesla Inc's shares have fallen by 7.83% to $264.12 over the past five sessions. This is due to the company's Q2 financial results, which showed a 47% YoY increase in revenue to $24.93 billion and earnings of 91 cents per share. However, operating margins were 9.6% and gross margins were 18.2%, down from 25% YoY.
July 21, 2023 | 5:06 pm
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NEGATIVE IMPACT
Tesla's stock has fallen following its Q2 results. Despite a rise in revenue and earnings, the decrease in operating and gross margins has negatively impacted the stock.
Tesla's Q2 results showed a rise in revenue and earnings, which would typically be positive for the stock. However, the decrease in operating and gross margins, which are key indicators of profitability, has led to a negative reaction in the market, causing the stock to fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100