TSLA Truth - Deliveries continue to drop and margins will too
HEADLINE: Deliveries of 440,000 BEAT estimates of 438,000!
TRUTH: Deliveries continue to drop and margins will too.
Important context: Deliveries were DOWN 5% and production was DOWN 14%.
I'm not sure why Fintwit is excited about these trends, but this is the market we're in.
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What indication is there any significant growth is on the horizon though? Capacity isn’t being built. Models aren’t being introduced/refreshed.
Robotaxis are…not here.
I just don’t see why Tesla is worth 10x-20x competitors if it’s losing share.
Q2 Deliveries
$General Motors(GM)$ UP 1%
$Tesla Motors(TSLA)$ DOWN 5%
Stocks reaction
$General Motors(GM)$ flat
$Tesla Motors(TSLA)$ up 9%
Welcome to crazy town.
https://x.com/TravisHoium/status/1808129590436470902
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