In today’s briefing:
- Tesla Q2: Solid Beat, At Any Cost
Tesla Q2: Solid Beat, At Any Cost
- Q2 deliveries were solidly higher versus expectations, thanks to Tesla’s 11th hour fire sales on top of fire sales to move sluggish inventory.
- The trouble is, this likely slashed already shrinking profitability while excess inventory continued to grow.
- Margins & profits probably can’t recover as more aggressive measures already are needed in Q3 just to sustain sales.
💡 Before it’s here, it’s on Smartkarma
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