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...
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
The only reason to buy Tesla stock has nothing to do with EV businessThe only reason to buy Tesla stock has nothing to do with its EV business, market strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »