You have to feel for Tesla bears at least a little on this one.
You have to feel at least a little sorry for bears on this one. Misses earnings by a lot . Not like a couple million but a couple BILLION . 52c eps expected vs 45c eps reported. Its largest drop in demand since covid when supply was cut in half. Free cash flow -2.5B vs -600m expectation. Tesla bottomed at $100 last year on much better earnings than this.
But yet stock absolutely moons because why? They’re making a shitty value car ? Maybe possibly by the end of the year ? Earnings literally couldn’t have came in any better for bears but it does the complete opposite. What a wild market.
But yet stock absolutely moons because why? They’re making a shitty value car ? Maybe possibly by the end of the year ? Earnings literally couldn’t have came in any better for bears but it does the complete opposite. What a wild market.
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Shroomie : I disagree... this wasn't some surprise. Everyone saw the writing on the wall when the stock price was at 240. declining sales.. lower margins. price dropped to 210... Musk confirms lower guidance and a tough 2024. stock drops to 140... the report verifies why the price dropped and what we already knew since "240".
Good news came out and Musk said sales will be higher.
Shroomie : the bears got a ride from 240 down to 140.