#EarningsSeason
🚨BREAKING: $TSLA reported a sharp 43% yearly drop in quarterly profit, despite stronger margins.
Revenue came in slightly higher at $28.05 billion, over expectations of $27.9 Billion, but growth remains flat from a year ago.
Net profit fell to $787 million from $1.37 billion last year.
Adjusted EPS came in at $0.48, beating the $0.45 estimate but down 4% YoY.
Tesla's gross margin improved to 19.6% from 16.8% last quarter, even as overall profits remained under pressure.
$TSLAB
🚨BREAKING: $TSLA reported a sharp 43% yearly drop in quarterly profit, despite stronger margins.
Revenue came in slightly higher at $28.05 billion, over expectations of $27.9 Billion, but growth remains flat from a year ago.
Net profit fell to $787 million from $1.37 billion last year.
Adjusted EPS came in at $0.48, beating the $0.45 estimate but down 4% YoY.
Tesla's gross margin improved to 19.6% from 16.8% last quarter, even as overall profits remained under pressure.
$TSLAB