Tesla Earnings Beat Expectations On Shrinking Margins
ForbesJan 24, 2023Jan 24, 2023
Musk can brag about setting another record for profits, but the positive news might not be enough to quell the anxiety of investors. Aside from what might be going on with Musk away from Tesla, the company could be facing softening demand, and the dip in its usually competitive automotive gross margin could lead to a major drop in its stock price.
Musk's success with all his businesses makes him a Wall Street favorite, and there’s no reason to shy away from believing in him now. The latest report paints an optimistic picture for 2023 and signals plenty of upside for the electric vehicle maker's stock, regardless of what else Musk is dabbling in.