bearish
Tesla Q2: Solid Beat, At Any Cost
765 Views06 Jul 2023 07:05
Q2 deliveries solidly higher vs expectations, thanks to 11th hour fire sales to move sluggish inventory. Margins & profits probably can't recover as more is already needed in Q3.
Boomeranged on Tue, 18 Jul 2023 03:56
Smoke and mirrors? Looks like it. Tesla decided to reveal a still largely hidden peak at the reported first Cybertruck to come off the production line, conveniently just days ahead of Q3 results which, I have projected, will reveal alarming falls in profit margins as the car company was driven to several more rounds of drastic price cuts and expensive incentives to reduce still elevated inventory.
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