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Tesla tanks despite second-quarter earnings beat. Here’s how to play the stock

Chaim Potok by Chaim Potok
July 20, 2023
in Investing
Tesla tanks despite second-quarter earnings beat. Here’s how to play the stock
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Market Movers rounded up the best reactions from investors and analysts on Tesla . The pros, including Jim Cramer , discussed the EV maker the day after it released second-quarter results. Late Wednesday, Tesla reported earnings of 91 cents per share and revenue of $24.93 billion, both higher than analysts’ estimates. Despite the beats, and announcing its best-ever quarterly revenue, Tesla’s operating margin dipped to 9.6%. The stock closed 9.7% lower on Thursday.

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