Tesla $TSLA beat revenue and earnings expectations, but there’s still a problem investors can’t ignore.
Revenue came in at $28.05 billion, slightly above estimates, while adjusted EPS hit $0.48 against the expected $0.45.
But net profit fell 43% year over year, dropping from $1.37 billion to $787 million.
The good news? Gross margin improved to 19.6% from 16.8% last quarter, showing some improvement despite the pressure on profits.
So, is Tesla getting back on track, or is slowing growth becoming a bigger concern for investors?
#EarningsSeason
Revenue came in at $28.05 billion, slightly above estimates, while adjusted EPS hit $0.48 against the expected $0.45.
But net profit fell 43% year over year, dropping from $1.37 billion to $787 million.
The good news? Gross margin improved to 19.6% from 16.8% last quarter, showing some improvement despite the pressure on profits.
So, is Tesla getting back on track, or is slowing growth becoming a bigger concern for investors?
#EarningsSeason