Tesla's Profitability Takes a Hit: Should You Still Buy This Top Auto Stock?
For the second quarter, (NASDAQ: TSLA) reported revenue of $24.9 billion, which was a 47% increase versus the year-ago period. That growth is impressive without a doubt, particularly given the macroeconomic headwinds and higher interest rates. Moreover, last quarter's sales exceeded Wall Street expectations.
But it wasn't all good news for the leading electric car (EV) company. Tesla's profitability is taking a noticeable hit, and things could be challenging as we look toward the future.
Here's what investors should know before deciding if they should buy this top auto stock.
Source Fool.com
Tesla Inc Aktie
202,35 €
-0,52 %
Leichtes Buy-Interesse bei Tesla Inc, mit mehr Buy- als Sell-Einschätzungen.
Für Tesla Inc sieht die Community ein Kursziel von 245 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 202.35 € bedeutet.
