Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.There wasn't much for bears to latch onto in Tesla's second-quarter earnings, Morgan Stanley analysts wrote in a recent note to clients.
"In our opinion, bears really would have to nit pick at the release to construct a materially negative narrative here," analysts wrote in a note released by Morgan Stanley that examined three key takeaways following Tesla'sWhile the analysts acknowledged there were critiques to be made, including its lower sequential average sales price, lower-than-expected fixed costs that wouldn't remain, and the outsized role that sales of regulatory credits played in driving its revenue,...
The analyst's final point was that comparing Tesla's second-quarter performance of positive profit and positive FCF to other auto companies "further makes comparisons between high EV players and established ICE players less and less meaningful." Tesla topped Wall Street's expectations on Wednesday after the American electric vehicle and clean energy company posted its longest-ever profitable streak.$2.18 versus an expected loss of $0.15, while posting a second quarter revenue of $6.04 billion versus an expected $5.2 billion.
Morgan Stanley downgrades Tesla 2 seconds ago. They’re such flip flops
PanxitoTrades angeldust1818 tesla stocks Tank
Tesla coming to the S&P 500 soon. Get some index funds and index tracking etfs! Time in the market is always going to beat market timing.
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