Tesla stock drops as Q2 profits halve

Tesla (Symbol: TSLA) is set to tumble as the electric vehicle giant reported disappointing second-quarter financial results. Despite CEO Elon Musk’s ambitious forecast of a $5 trillion valuation through the deployment of a vast fleet of robotaxis, market reaction showed caution against statements made by the CEO. The profitability of Tesla suffered, marking the second consecutive quarterly drop. Read more to find out why Tesla is dipping.
Disclaimer:
Traders should keep an eye on key developments such as the rollout of the robotaxi fleet and upcoming earnings reports, while exercising risk management with good discipline. Additionally, market reactions to broader economic indicators and industry trends will also play a crucial role in shaping Tesla’s stock trajectory.
Publication date:
2024-07-27 12:46:28 (GMT)
Continue to site >

Personal Trade Copier

Trade Mirror

Trading Simulator

Figaro App Suite

Publisher EA

Figaro Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?