Company beats WallStreet expectations
Good news from Tesla. The company’s Q2 earnings surpassed analyst expectations, with an impressive quarterly revenue of nearly $25 billion, showing an very good year-over-year growth of +47%. However, the report wasn’t without a downside, as margins saw a slight decline due to price reductions done throughout the past months. Operating margin was ~10% and gross margin 18%, down 1 percentage point from last quarter.
Despite this, Tesla’s performance and investment story remains strong, and the future looks promising as they continue to revolutionize the electric vehicle industry.
In my view these are good numbers but since the stock alread saw a monster rallye since beginning of this year I don’t think it will boost it much further. I am hodling my position and expect rather a consolidation of the stock price coming than an unrestrained rallye.
What do you think?
Digital Assets
Interesting sidemark: The Company still holds digital assets worth ~180 million dollar, mainly the rest left of the Bitcoin they bought last year for $1.5 billion.
