Tesla earnings miss the mark, but stock gains after margins hold

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Tesla stock rises more than 1% after earnings

Tesla Inc. reported quarterly earnings and sales that missed Wall Street expectations Wednesday, but, crucially, showed gross margins that were within forecasts.

Gross margins were 17.9%, a drop from 18.2% in the second quarter, and 25.1% in the third quarter of 2022.

 

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Tesla stock options priced for smaller than usual move after earningsTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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