Tesla Inc (NASDAQ:TSLA) shares are trading lower by 7.83% to $264.12 over the trailing five sessions. The stock is experiencing weakness in recent sessions after the company on Wednesday reported second-quarter financial results.
See Also: Did Elon Musk Tank Tesla Stock Despite Several Positives In Q2?
What Happened?
Tesla’s second-quarter revenue rose 47% YoY to $24.93 billion, surpassing the consensus estimate of $24.48 billion. Quarterly earnings stood at 91 cents per share, exceeding the expected 82 cents per share.
Operating margins for second-quarter were 9.6%, and gross margins were 18.2%, down from 25% YoY. The market closely monitored the margin results due to recent price cuts…Read More
According to data from Benzinga Pro, TSLA has a 52-week high of $314.67 and a 52-week low of $101.81.
