Reassess your holdings in Tesla stock with insights into the latest earnings report
Source: shutterstock.com/Mike Mareen
It appears that after the recent rise in Tesla (NASDAQ:TSLA), share prices may be coming back to earth. At the start of July, Tesla reported deliveries above analyst estimates, which led to over a 40% increase in the Tesla stock price within a week. However, this week’s earnings release showed profits below projections, causing the TSLA stock to drop 12% the following day, dragging down the broader market. As it turned out, the company had increased sales numbers by cutting prices. The results raise questions around whether Tesla will provide further disappointing reports.
Many investors see Tesla as an artificial-intelligence (AI), robotics and technology firm that manufactures cars. This perspective helps justify its significantly higher…
