Tesla earnings: Revenue of $19.335B vs $21.111B expected ...Middle East

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Tesla earnings: Revenue of $19.335B vs $21.111B expected
source : forex live ( Middle East ) () 56
Non-GAAP adjusted EPS 0.27 vs 0.38 expectedGAAP EPS 0.12Gross margin 16.3% vs 15.9% expectedOperating margin 2.1%Adj net income of $934m vs $1.431B expTariff landscape will have larger impact on energy business compared to autosPlans for new vehicles, including more affordable models, remain on track for start of production in H1 2025Automotive revenues down 20% y/yThe earnings release removed guidance that said they would return to growth this year

Shares are slightly lower initially.

The company said:

    Uncertainty in the automotive and energy markets continues to increase as rapidly evolving trade policy adversely impacts the global supply chain and cost structure of Tesla and our peers. This dynamic, along with changing political sentiment, could have a meaningful impact on demand for our products in the near-term. We remain committed to expanding our business model to include delivering autonomous robots across multiple form factors and use cases – powered by our real-world AI expertise – to our customers and for use in our factories, as we navigate these headwinds.

    Here is a look at "changing political sentiment".

    This article was written by Adam Button at www.forexlive.com.

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