Tesla’s Q2: Cracks in the Core, Cult of the Cybercab
@Invesight Fund Management:
After the U.S. market closed today, Tesla $Tesla Motors(TSLA)$ released its latest Q2 earnings report — and the results were undeniably dismal. Both revenue and profits saw significant year-over-year declines, marking the company's steepest quarterly drop in years. However, the stock initially rose slightly in after-hours trading, only to reverse course and fall 4% after Elon Musk issued a rare “pessimistic warning” during the earnings call. Tesla’s $Tesla Motors(TSLA)$ Q2 Financial Performance Tesla's total revenue for the second quarter declined by 12% year-over-year — the company’s biggest quarterly drop since 2012. Key details include: Automotive revenue fell 16% YoY, the second straight quarter of do
