alt Hacker News>You're aware that "beat" means "beat expectations," right?
You're aware that the "expectations" are they run a profitable company, right?
>You're aware that expectations are increasingly that Tesla's business is struggling?
You're aware that the expectations are increasingly that Tesla's business is stable, and showed record deliveries and backlog in Q2?
>TSLA is down 18% YTD. That's because their business is doing so well?
Auto manufacturing sector (DJUSAU) is down 16% YTD, and Tesla's stock is overpriced to begin with. Tesla's most direct competitor in the US, Rivian, is down 34% YTD. Stop getting your business/economic news from BlueSky/reddit.
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> Stop getting your business/economic news from BlueSky/reddit.
And where should they get them? From Twitter?
Yes, profitable with slowing growth, shrinking margins, and increasing competition. This is a death spiral for Musk's ultra capital-intensive mode of operating.
That's why Musk is trying to claim Tesla isn't an automotive company (except when comparisons to such suit him and his cultists, of course).