tts.alexius
Active member
Tesla Inc saw its shares drop to as low as 13% after the electric car maker underperformed expectations in the second quarter, thus resulting to some analysts slashing the stock price estimates, and others downgrading the equity. Musk once again doubled down on pledges about dominating in self-driving cars, albeit pushing the robotaxi reveal to October which fans did not take kindly of. Recently their stocks flew a high of 85% based on AI expectation and yet Tesla’s earnings have fallen short of expectations for four-consecutive quarters and reduced automotive gross margin. Some sources worried by the absence of the immediate positive factors for the stock increase and noted that the October event with robots taxis might not meet high expectations.
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