greenbutterfly
In the Year To Date (YTD), Tesla, Inc. (NASDAQ:TSLA) is the worst-performing stock in the Nasdaq 100-Index (NDX in index form and QQQ in ETF form). The company’s line item performance in first-order (i.e., Year-on-Year) terms indicates that 2023 wasn’t quite as explosive as they were in the past two years.
Source: Created by Sandeep G. Rao using data from Tesla’s Financial Statements
An increase in automobile revenues – and earnings per share (EPS) – was accompanied by a nearly equivalent drop in gross profits and adjusted EBITDA. Free Cash Flow also saw a decline along with an increase in operating expenses. All things considered, the company missed analysts’ consensus by a small margin and the company’s stock is currently flashing at “Hold” in many stock pickers’ lists.
A large factor behind the revisions towards a “Hold” is in the automotive market dynamics
Car Markets: Here and There
Over in China, where the…
