Tesla's stock has risen 3.4% since last earnings, with mixed financials and a neutral outlook.

From Nasdaq: 2024-08-22 11:30:46

Shares of Tesla have risen 3.4% in the past month, underperforming the S&P 500. The company’s Q2 earnings report showed lower EPS of 52 cents, missing estimates of 62 cents. Total revenues reached $25.5 billion, slightly beating expectations. Production and delivery of vehicles fell short, impacting financials and projections for the future.

Automotive revenues were down 7% year-over-year, with energy generation and storage revenues rising. Tesla’s cash position increased to $30.72 billion, while long-term debt also rose. Estimates have been on a downward trend, with the stock receiving mixed VGM scores. The overall outlook is neutral, with a Zacks Rank #3 (Hold) for Tesla.

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Read more at Nasdaq: Tesla (TSLA) Up 3.4% Since Last Earnings Report: Can It Continue?