Tesla's Q2 Disappoints, But There's More to the Story
Despite the slow sales growth of electric vehicles (EV) and what some analysts are calling an "EV recession," 's (NASDAQ: TSLA) stock is still up more than 50% over the past three months. It was higher on Tuesday, but the stock pulled back more than 10% this morning after a disappointing second-quarter earnings report that showed deteriorating profits.
Let's dive into the details and uncover whether Tesla's second quarter was as bad as the initial headlines would seem.
Tesla reported second-quarter earnings of $0.52 per share, short of Wall Street's estimates of $0.61 and 43% below the same quarter last year, when Tesla earned $0.91 per share.
Source Fool.com
Tesla Inc Stock
€186.16
0.580%
Currently there is a rather positive sentiment for Tesla Inc with 75 Buy predictions and 28 Sell predictions.
As a result the target price of 246 € shows a positive potential of 32.14% compared to the current price of 186.16 € for Tesla Inc.
