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Investors are cheering Tesla's drop in earnings, which may not make sense long-term.
Tesla (TSLA -0.05%) reported quarterly auto deliveries that exceeded expectations on Tuesday. What's getting less attention is that Tesla's sales were down 5% from a year ago, production dropped 14%, and the company is losing market share. Travis Hoium digs into the trends in this video.
*Stock prices used were end-of-day prices of July 2, 2024. The video was published on July 2, 2024.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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