Is Tesla A Buy After Disappointing Earnings?
@koolgal:
🌟🌟🌟$Tesla Motors(TSLA)$ Q2 24 earnings on Tuesday reflects the tough competitive pressures it faces against its competitors. Tesla's profits tumbled 45% in Q2 24 as it continues to feel the impact of slower global demand and stiffer competition. Tesla's share price fell almost 8% post earnings and is down 2.5% in the past 5 days. However Tesla is still up 34.9% for the month. Tesla' s revenue increased 2% to USD 25.5 billion from USD 24.93 billion a year ago. Earnings per share adjusted for the quarter was 52 cents versus 62 cents expected by Wall Street Analysts. Tesla's automotive revenue dropped 7% to USD 19.9 billion from USD 21.27 billion in the previous year quarter. Auto revenue