Elon Musk Talks Robotaxi Delay, Nvidia Clusters, And Mexican Gigafactory Postponement Amid Tariff Worries If Trump Wins — Tesla Falls Almost 8% After-Hours
Portfolio Pulse from Benzinga Neuro
Elon Musk discussed Tesla's Q2 earnings, revealing a delay in the robotaxi event, postponement of the Mexican Gigafactory, and challenges in the EV sector. Tesla's EPS and free cash flow missed expectations, leading to an 8% after-hours stock decline. Musk also praised NVIDIA's GPU clusters but emphasized Tesla's Dojo supercomputer.
July 24, 2024 | 1:38 am
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POSITIVE IMPACT
Elon Musk praised NVIDIA's GPU clusters during Tesla's Q2 earnings call, but reiterated Tesla's commitment to its own Dojo supercomputer. This mention could positively impact NVIDIA's stock in the short term.
Musk's positive comments about NVIDIA's GPU clusters during a high-profile earnings call could generate short-term positive sentiment for NVIDIA's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tesla's Q2 earnings missed expectations, leading to an 8% after-hours stock decline. Delays in the robotaxi event and Mexican Gigafactory, along with challenges in the EV sector, contributed to the negative sentiment.
Tesla's financial performance fell short of expectations, and operational delays in key projects like the robotaxi and Mexican Gigafactory have created negative sentiment among investors, leading to a significant stock price drop.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100