Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans https://apnews.com/article/tesla-ea...ales-decline-8bdd0d655cddde90f534b41fd87edc4a
Tesla shares fall 7% in premarket trading after earnings miss https://www.cnbc.com/2024/07/24/tes...ding-after-weaker-than-expected-earnings.html Let the "$hitshow games" for Mr Musk start. This will not be the LAST REVENUE + PROFIT MISS. He played all tricks. The last one was this BULL$HIT China visit licking the AR$SE of the Chinese Communist Party!
"The company’s widely watched gross profit margin, the percentage of revenue it gets to keep after expenses, fell once again to 18%. A year ago it was 18.2%, and it peaked at 29.1% in the first quarter of 2022." https://finance.yahoo.com/news/teslas-2q-profit-falls-45-202333216.html
(REUTERS) Rates, uncertain economy but also shooting off his mouth on multiple issues against key demo group.
So far today shows signs of being a breath-taking one, in a bad sense for longs. Already -12% down, IMO -20% is clearly possible. Or more. No TA support I see till at least $210.
Tesla’s Reputation Is Tanking Thanks To Elon Musk’s Support For Trump Both Democrat and GOP voters are far less likely to purchase a Tesla following Elon Musk’s blossoming relationship with Donald Trump https://jalopnik.com/tesla-s-reputation-is-tanking-thanks-to-elon-musk-s-end-1851604572
Mercedes-Benz gets the OK to begin testing its Level 4 autonomous driving tech in China https://electrek.co/2024/08/06/merc...its-level-4-autonomous-driving-tech-in-china/
EDIT: 2A) Elon Announces a return of @theRealDonaldTrump and conducts a no holds barred one on one with Trump on Elon's new "Spaces" that garners the most 1 hour viewers and also one day sign ups than ever before... including Twitter from back in the day. 4A) Zuckerberg files an 8K regarding the one time costs associated with his shutting down of the "Twitter slaying"---> "Threads" division and its effects on next Q's forward guidance. ~case closed.