Quote:
Originally Posted by bobabode
Looks like the market is saying the new car smell and his rocket bilge wash has lost it's cachet.
"Shares of Tesla tumbled nearly 10% Thursday following its disappointing earnings report on Wednesday evening, as it reported that its profit margins fell below the 20% mark that analysts had been forecasting. The price cuts might have allowed it to increase sales volume, but revenue was down from fourth-quarter levels as a result, and which led to the squeeze on profits."
https://www.msn.com/en-us/money/tops...b42ab002&ei=24
Elon dudebro has no business in the retail market. Whether it's cars or emeralds. |
There is a stampede (except Toyota) into making of electric cars. TESLA's big profit margin could not continue. Anyone but Cathie Wood could see that.