🧐Tesla $TSLA delivered a record quarter and still missed on profit.
$28.24 billion in revenue, beating the $26.32 billion estimate, on record deliveries of 480,126 vehicles, up 25% YOY.
Adjusted EPS came in at 33 cents, well below the 51 cent estimate.
Gross margin fell to 16.8%, versus 19.4% expected.
Tesla sold more cars than ever this quarter, but had to cut prices and lean on incentives to do it.
More volume, less profit per car.
$TSLAB
$28.24 billion in revenue, beating the $26.32 billion estimate, on record deliveries of 480,126 vehicles, up 25% YOY.
Adjusted EPS came in at 33 cents, well below the 51 cent estimate.
Gross margin fell to 16.8%, versus 19.4% expected.
Tesla sold more cars than ever this quarter, but had to cut prices and lean on incentives to do it.
More volume, less profit per car.
$TSLAB