Tesla $TSLA-8.5% on Tuesday reported its lowest profit margin in more than five years and missed Wall Street's earnings targets in the second quarter as the electric-car maker cut prices to revive demand while boosting spending on artificial intelligence projects.
Tesla
TSLAOpen $232.60
Day range $210.56 - $233.60
52 week range $138.80 - $278.98
The company said it is on track to produce new vehicles, including more affordable models, in the first half of 2025, though those models will result in lower cost reductions than previously expected. Tesla shares fell 7% in the aftermarket. Are you overbought?
We would have to wait for growth to be overcome. The stock has been up enough as it is and now it has confirmed that it is not yet up to these levels. I think the results OK and the move in line with them.