News on Medial

A more profitable Tesla is still a pricey ride

LivemintLivemint Ā· 1m
A more profitable Tesla is still a pricey ride

Tesla's third-quarter results exceeded expectations and led to a boost in stock price. The company managed to reverse the decline in automotive gross margins and achieved strong growth in sales and gross profits in its energy generation and storage segment. However, overall growth is below the company's usual performance, and sustaining margins in the current economic environment might be challenging. Analysts have increased profit targets, but Tesla's valuation remains high compared to tech giants like Apple and Amazon. The success of Tesla's ambitious plans, such as producing Robotaxis and developing a humanoid robot, is uncertain. Tesla also faces challenges in regulatory approvals and competition in the EV market.

Comments

Download the medial app to read full posts, comements and news.