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Tesla (TSLA) Tanks on Profitability Collapse Despite Record Deliveries

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Tesla shares plunged after a significant Q2 earnings miss, despite record deliveries.
  • A 38% EPS miss and negative free cash flow crushed investor confidence, outweighing CEO Elon Musk's optimism about production scale-up and future growth prospects.
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TSLA price history

365.44 -12.53% over the displayed period

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