Tesla Earnings Are Out: The negative free cashflow is $2.53 Bn vs positive expectation of $653.6 MM Now we know why Tesla is cutting costs aggressively The business has highed fixed costs and needs volume (operating leverage) by selling units margins be damned If demand is waning, they are forced to cut prices to cover overhead The stock is up 7% or back to where it was last Wed They dropped a boatload on capex. That probably means $NVDA GPUs :) $TSLA $LCID $RIVN $NIO
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2/ Operating margins are 5 to 6% now There is a lower limit to price cuts The glut of EVs is no bueno