$Tesla (TSLA.US)$ By the way: Nice BEAT (AGAIN). 😂😂😂
$Tesla(TSLA.US$ By the way: Nice BEAT (AGAIN). 😂😂😂
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TeslaSmurfOP : What bothers me is that they ONLY have 18 billion cash left Basically, that didn’t change from Q1, meaning that the “cash burning furnaces” of Austin and Berlin plus the Shanghai’s closure weren’t enough to spend more than they earned.
In other words: GREAT !
Mike Hunt : Revenue was not a beat
TeslaSmurfOP Mike Hunt: Insignificant difference: that’s how the market is valuing it at 765$ in this moment. Tomorrow may change, but I’m not worried any more about a possible (till today) downturn. It may, it will, but it won’t be so hard and, IF it happens I will just grab more stocks, confidently.
Mike Hunt TeslaSmurfOP: You claim a beat in the post (a lie) and then you try to justify it because it’s insignificant. Bad form. A lie is a lie.
TeslaSmurfOP Mike Hunt: Not at all: in some cases the consensus (there is not ONE: there is plenty, coming from different sources) was even lower than the result. The “main stream” consensus, though, was a LITTLE higher. Still IRRELEVANT, as the market is telling you.
ByeByeFiat : EPS is a beat though.
Overall earnings reflect the weakness from Shanghai covid SD. Without the dumping of Btc(at a loss), the CF this 2Q is negative.
I’m a tesla bull, but will call a spade a spade.
This 2Q earnings has been window dressed to an extent.
Main takeaway is the grim reminder that Giga Shanghai remains the largest risk to Tesla profit margins.
While things remain rosy for now, you will never know when the tide changes. EM may sooner or later get on the bad side of Beijing, and that would be extremely unfavourable for Tesla’s fortune.