yahoo Press
Tesla Finally Built Enough Cars, but Wall Street Wants Robots Now
Images
The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. For years, the knock on Tesla was that it couldn't build enough cars. Now it's building plenty of them, delivering way more than anyone expected, and the stock fell 8% anyway. Welcome to the strangest show on Wall Street. The numbers were legitimately great. Tesla delivered 480,126 vehicles in the second quarter, blowing past the roughly 406,600 analysts expected, up 25% from a year ago and 34% from a weak first quarter. The Model 3 and Model Y did nearly all the lifting at 97% of deliveries. The energy business, which sells giant batteries to utilities and data centers, deployed 13.5 GWh, also a beat. By the standards of a company coming off two straight years of shrinking sales, driven partly by buyers souring on Elon Musk's politics and the death of the federal EV tax credit, this was the comeback quarter. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. For years, the knock on Tesla was that it couldn't build enough cars. Now it's building plenty of them, delivering way more than anyone expected, and the stock fell 8% anyway. Welcome to the strangest show on Wall Street. The numbers were legitimately great. Tesla delivered 480,126 vehicles in the second quarter, blowing past the roughly 406,600 analysts expected, up 25% from a year ago and 34% from a weak first quarter. The Model 3 and Model Y did nearly all the lifting at 97% of deliveries. The energy business, which sells giant batteries to utilities and data centers, deployed 13.5 GWh, also a beat. By the standards of a company coming off two straight years of shrinking sales, driven partly by buyers souring on Elon Musk's politics and the death of the federal EV tax credit, this was the comeback quarter.
Comments
You must be logged in to comment.