Tesla’s stock plunged 12.3% overnight after it reported mixed Q2 results. These included a delay in the robotaxi launch and increased spending on new technology, which affected its operating margins. The company’s margins remain under pressure due to rising costs, including developing its AI infrastructure to turn Tesla’s EVs into autonomous cars. Elon Musk delivered a strong message around the report: if you don’t believe they can conquer AI, you should sell your TSLA shares, some pretty aggressive rhetoric.
- We see no compelling reason to “buy the dip” in TSLA stock.
MM is neutral towards TSLA
Add To Hit List
