The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.
Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.
Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or “meme stocks”. If a company increases profits, but less than expected, their stock usually drop despite increased profit. It’s because value is tied to actual results vs. expected results on the short term.
Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or “meme stocks”. If a company increases profits, but less than expected, their stock usually drop despite increased profit. It’s because value is tied to actual results vs. expected results on the short term.