Stock up 3 to 4.5%+ on news. 13% less than same quarter 2024 5k fewer than consensus maybe not as bad as feared Tesla stock pops after Q2 vehicle production tops forecasts, deliveries fall 13% from year ago I don;'t get it. Build more, deliver less, inventory up and the stock goes up. But then I never have gotten Tesla stock valuations right.
Jumped in around 2019 for 50 bucks a share equivalent. Got out last December. A 6 fold win over 5yrs. That span likely used up all the luck (for Musk) for this millennium.
Worse results were already built in to the recent stock price. News not as bad as "expected" so the price goes up a bit. Mike
But where is the reason for optimism at this level? You buy stocks on expected growth and profits.....
Let's ask the Googles: "On Wednesday, Tesla said it delivered 384,122 vehicles globally in Q2, a 13% drop year-over-year. Tesla sold 373,835 Model Y crossovers and Model 3 sedans, along with just 13,409 “Other Models.” Still.....that's well over 350 THOUSAND cars and trucks...for EVangelists. I'm thinking that they're BOTH big enough to weather this storm AND big enough to stand on their own two feet without the training wheels that have been federal tax kickbacks......
