Tesla stock slid Thursday after the electric vehicle company delivered an earnings report that largely exceeded headline expectations, as pessimistic warnings grow louder about whether the company’s recent 150% stock surge was warranted.Tesla’s $24.9 billion in sales and $0.
Tesla reported its lowest operating income since 2021 as vehicle profit margins slumped to a multiyear low of 18.1%, amplifying concerns about its ability to continue on its path of astronomical financial growth. Tesla’s price-to-earnings ratio , which tracks a company’s stock price compared to prior earnings and indicates how confident investors are about a company’s growth prospects, has exploded by more than 130% this year as the market largely cheers on boosted sentiments for tech stocks amid the artificial intelligence wave and a flurry of positive headlines for Tesla, including theBut neither AI nor charging expansion are “financially material for Tesla,” according to Bernstein analyst Toni...
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Source: MarketWatch - 🏆 3. / 97 Read more »
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