Tesla makes $2.2 billion in profit during Q3 2024
Tesla’s profit margin is looking healthier than it has in a while.
Tesla’s profit margin is looking healthier than it has in a while.
Tesla’s status as a growth stock will require some explaining if this keeps up.
Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk, who is making more move…
Revenues only grew by 3 percent year over year, disappointing the market.
It met its sales goal, but growth is well below CEO Elon Musk’s stated target.
The company has enjoyed gross margins far in excess of its major automotive rivals in recent years. © 2023 TechCrunch. All rights reserved. For personal use only.
The company has enjoyed gross margins far in excess of its major automotive rivals in recent years. © 2023 TechCrunch. All rights reserved. For personal use only.
Expenses are up and selling prices are down due to repeated price cuts.
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