Latest / Durham News Today | 2 Min News | The Daily News Now!
Tesla's Profit Puzzle Explained | Durham News
Tesla’s Q2 earnings show record revenue but a troubling profit picture: while revenue hit $28.24 billion—up 26% and topping $100 billion annually for the first time—the car business’s gross margin plummeted to 16.3%, and regulatory credits collapsed by two-thirds. Net income only dipped 5% thanks to a massive paper gain from SpaceX’s soaring valuation, a new wildcard in Tesla’s financials. Going forward, investors must focus on operating income—not net income—and brace for volatility tied to SpaceX’s stock swings. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.