2024-06-28 11:51:36 ET
Summary
- Tesla, Inc.'s latest earnings show deteriorating fundamentals, with a 9% drop in revenue and a 55% decline in net profit margin.
- EV deliveries have decreased, operating expenses have increased, and the stock price remains high compared to competitors.
- Risks to a bearish thesis include potential innovations, market share growth in China, and strong global EV sales.
- But the stock is highly expensive, while the recent news is not encouraging.
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For further details see:
Tesla Stock: Stay Away From It