FMP
Jul 25, 2024 12:35 PM - Davit Kirakosyan
Tesla Inc (NASDAQ:TSLA) shares dropped more than 12% yesterday after the company announced mixed results for its second quarter with earnings missing expectations while revenue surpassed forecasts. The electric vehicle manufacturer also confirmed its timeline to begin production of new, cost-effective models by the first half of 2025.
For the second quarter, Tesla reported adjusted earnings per share of $0.52 on revenue totaling $25.5 billion. These figures compare to Wall Street's expectations of $0.61 per share and $24.33 billion in revenue. The company delivered 443,956 electric vehicles during the quarter, marking a 5% decrease from the same period last year.
Looking forward, Tesla reiterated that the growth rate for vehicle volume in the upcoming period may be significantly lower than the growth rate achieved in 2023. This adjustment is attributed to the company's efforts focused on launching its next-generation vehicles and other new products.
Tesla remains committed to its plans for introducing new vehicles, including more affordable models, with production set to begin in the first half of 2025.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...