Tesla plunges 9% in pre-market trading! Musk's "pie in the sky" strategy fails, Wall Street focuses on profit margin issues
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After Tesla announced disappointing second-quarter results, its stock price plummeted by 9%. Wall Street is focusing on the issue of profit margins, with Tesla's gross margin declining due to incentive measures and slowing growth of the Cybertruck. Despite this, analysts remain optimistic about Tesla's future, believing that autonomous driving, robotaxis, and artificial intelligence will drive Tesla's growth. Analysts have downgraded their ratings on Tesla, but some have also maintained or reiterated their ratings. This news falls under company financial information
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