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Tesla exceeded the latter expectation, reporting Q2 sales of $25.5 billion. But this sales growth came at a cost to profit: Earnings were only $0.52 per share. Tesla profits collapse
Through Oct. 23, the stock was down 14% year to date, underperforming the S&P 500, which had gained 21%, by a wide margin, as the chart below shows. TSLA Chart TSLA data by YCharts
Tesla stock closed 5.7% lower on Thursday after Reuters reported Trump's team has drawn up plans to eliminate the $7,500 tax credit for electric vehicle buyers as part of a broader tax reform ...
Image source: Tesla. EV stocks fall. Tesla wasn't the only EV stock to fall on the news. Rivian Automotive and Lucid Group got hit even harder as both stocks are deeply unprofitable and more ...
Meanwhile, Tesla stock is selling for 67 times earnings and 448 times its much depleted free cash flow. Oh, and analysts polled by S&P Global Market Intelligence forecast profits will only grow 15 ...
Tesla shares clawed back 3.3% Wednesday, snapping a seven-day selloff that brought the stock down nearly 70% from its November 2021 all-time high, with declines intensifying over the past couple ...
In the past, when Tesla's car business fell below 17% of its total market cap, its stock tended to "enter a downward channel," UBS added. Tesla's auto business accounts for just 12% of its current ...
Tesla's market has dipped below the $500 billion mark, currently resting at $487 billion, per Yahoo Finance data. Year to date, Tesla's stock is still up 24%, compared to a 5.6% advance for the S ...