The Good, the Bad, and the Exciting! 🚀 Mixed Results, New Vehicles, and Energy Storage Growth: What’s Next for the EV Giant? 🚗💡
Hey there, fellow investors!
I’m diving into Tesla’s Q2 earnings report, and I’ve got the scoop for you. From revenue beats to earnings misses, new vehicles on the horizon, and some hidden gems, let’s break it down! 📊
Revenue Beats Expectations 📈 Tesla reported Q2 revenue of $25.05 billion, slightly higher than expected. That’s a win in my book! 🎉
Earnings Miss: A Bummer 😔 But, Tesla’s adjusted EPS of $0.52 fell short of the $0.60 consensus estimate. Not ideal, but let’s not freak out just yet 😅.
New Vehicles on the Horizon: Get Ready for a Game-Changer! 🚗 Tesla’s planning new vehicles, including a cheaper EV, which is on track for production in the first half of 2025. This could be HUGE for the company! 🚀
Robotaxi Delayed, But Still a Key Catalyst 🤖 The robotaxi event got pushed back to October 10th, but Elon Musk promises it’ll be worth the wait. I’m still bullish on this one! 💪
Energy Storage: The Hidden Gem 💡 Tesla’s energy storage deployment of 9.4 GWh is a massive milestone! Morgan Stanley‘s Adam Jonas called it a “show stealer,” and I agree 🤩.
Cybertruck and Semi Updates: Progress, But Not the Main Focus 🚚 Cybertruck production is up, and the Semi factory is on track. Good news, but let’s focus on those new vehicles and energy storage growth 🔜.
Outlook: A Shift in Focus 🔜 Tesla’s Q2 results were mixed, but I think the company’s shifting focus towards new vehicles, energy storage, and autonomous driving. The earnings miss is a concern, but I’m still bullish on Tesla’s long-term prospects 📈.
Rating: Neutral (for now) 🤔 I’m keeping a neutral rating on Tesla for now, but I’m watching those new vehicle plans, energy storage growth, and autonomous driving initiatives closely. If they deliver, I might just become more bullish on the stock 💸.
That’s it for now! What do you think about Tesla’s Q2 report? Let me know in the comments! 💬
