Snobdds
Elite Member
Not that most care, but Tesla reported earnings today. Income down 40% and stock down 10%.
Buying opportunity? Stock - not car.
Tesla had a huge miss on both top line and bottom line earnings.
Even trying to go to volume over profit per car was not enough to overcome the falutering demand. And it's not just Tesla that is worried about EV demand dropping off...
High interest rates is going to be a blood bath for the entire industry.