🚀 Tesla has just disclosed its Q2 financial results, and the gross margin dropped further to 18.2% 📉 compared to 25% a year ago.
Though total automotive revenues in Q2 2023 were higher than Q1 2023, they remained smaller than Q4 2022 ⚙️.
Following the financial report, Tesla shares took a hit, declining by 4.18% 😢.
🤔 With the stock’s extremely high multiples, one may wonder if they are fair or not.
Source: https://ir.tesla.com/#quarterly-disclosure