Tesla Earnings Today: Stock Dips on Disappointing Results; Call and Q&A Come Next

Category: Finance

Tesla reported second-quarter earnings of 52 cents per share on $25.5 billion in sales, missing Wall Street expectations of 61 cents and $24.5 billion. The stock dropped 4% post-announcement due to lower earnings, profit margins, and free cash flow. Analysts suggest a tough outlook for the stock, with support at $225 and resistance near $280.

Keywords: Tesla, earnings report, stock market

Source: Barron's

Update At: 7/24/2024

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