Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Tesla reported mixed third-quarter results yesterday. It failed to meet sales expectations but exceeded earnings estimates that were set forty-five percent below estimates for the comparable period in 2023. Tesla’s performance calls into question its standing as a member of the magnificent seven as well as its valuation as a technology company.
Tesla’s sales and earnings per share of $25.18B and .72 sent mixed signals. For the third quarter, Wall Street analysts estimated $25.4B and $0.60 a share respectively.
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