Tesla did not beat earnings. They missed.
The car company is actually in a pretty bad state. They have massive inventory build, which is why they have had to put price cuts through. They were negative $2bil cash flow this quarter.
The ESS business is saving them, because car sales are likely going backwards this year.
Elon has spent the entire call directing investors away from the car business and towards Optimus, AI and self driving. He also stated other Car companies are going towards hybrids and pulling back on pure EV's. Demand has been and continues to be weak.
Nothing positive in this call for the Lithium sector that I can see.
Tesla did not beat earnings. They missed.The car company is...
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Change
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