Tesla: Will Q2 Results Be Enough to Maintain its Premium Valuation?

After the market closed on July 19, Tesla, Inc. (NASDAQ: TSLA) reported good, but not blow-out, 2Q 2023 results. Adjusted EPS and automotive revenue were US$0.91 and US$21.3 billion, besting estimates of US$0.81 and US$21.0 billion, respectively. On the other hand, the fierce price war raging in the electric vehicle (EV) industry caused Tesla’s automotive margins to continue … Continue reading Tesla: Will Q2 Results Be Enough to Maintain its Premium Valuation?