Tesla Profit Falls, Hurt by Plunging EV Sales

"The rideshare app is currently restricted to the downtown and South Congress neighborhoods. Access is by invitation only and priced at $6.90 a ride, up from $4.20 a few weeks ago." That is a grown 55 year old man making these middle school jokes.

Whew! Good thing they aren’t a car company anymore! Top tier pivot Mister Muskrat sir. Now they are a diner opening their first location in LA! Get in on the ground floor of those hot new eatery! (Previous inflated evaluation of the company stays though because of reasons)

When a company has declining sales and market share in an expanding market, and still trades at a PE >200.., why bother even discussing the fundamentals...?

humorous screw full bike aspiring existence payment historical amusing pause *This post was mass deleted and anonymized with [Redact](https://redact.dev/home)*

You stay the same age as you were on the day when you got rich. For Musk, it's effectively forever. He is an oversized horny teenager. The Tesla model letters are: S.3.X.Y

Yet the stock is up today………..

Did you see the penis map?

Unless the stock is up fuelled by short sellers?

Fueled by short sellers??

2nd Quarter Tesla profit and loss report is the best work of fiction since Tolstoy's War and Peace...

Aaaaaand it's up $1.34 after hours. This is like watching gravity fail.

There is no material short interest in TSLA at this time. The days to cover are sitting at less than 1 day.

👆

And one again, big price pump attempted just after closing ...

55 year old pervert with a breeding fetish who was (until recently) best friends with a pedo billionaire.

It's sort of funny how virtually no one questions the validity of Tesla financials. After the countless lies from Elon Musk on virtually every topic, we are now supposed to believe that financial figures Tesla gives to the public are 100% accurate? Come on, folks...

A short sell in the stock market is when an investor borrows shares of a stock and sells them, hoping the price will go down. The investor then plans to buy the shares back at a lower price, return them to the lender, and keep the difference as profit.

Yet virtually all of the children he has fathered were consummated through IVF...

Thanks, yeah I know very well how short selling works. What I fail to understand is how short selling can keep the stock fuelled up sustainably. There may be waves of short covering on aggressive moves. But short selling itself wouldn’t „fuel a stock“. Or am I overlooking some effect?

I don’t just wondering if it’s possible

So why would the stock rally bad news after bad news?

Short interest in a stock can absolutely fuel a rise in its share price. That phenomenon is what fueled Gamestop.

my two favorite numbers: \-89% free cash flow 13,409 other models production (-45% YoY)

It‘s possible, usually when a heavily shorted stock with low float (low amount of available shares to buy). But with such a liquid and heavily traded stock I think such short covering runs are usually tied to surprise up events when shorts get margin called etc. Real short squeezes are more likely in smaller meme stocks like recently CRCL or the most famous of all with GME.

And don’t forget that the Model 3 was originally supposed to be the Model E, but Ford had the trademark on that name and refused to release it to Tesla. So he wanted so badly for them to be S E X and Y. I appreciate Ford for that.

I can only think of market manipulation and crime

You have a very complicated question there. One answer is "yours and my" bad news may be attributed as good news to "someone else." There are so many players in $TSLA with dreams formulated while tripping on LSD that I can't imagine all the various possibilities investors have dreamed up.

Yeah see my comment below. But for TSLA it‘s tough to get such a situation because you would need insane amount of money to get to a meaningful short interest.

What a fucking disingenuous headline and tagline "Tesla Profit Falls, Hurt by Plunging EV Sales Electric-vehicle maker’s net income dropped 16% in second quarter" I feel like they are intentionally trying to soften the blow by implying that EV sales are income are down in general, when in reality it's just Tesla.

Well, that turned around rather suddenly....now down about $12.

Elon looks tired and not confident in this call. The body language is giving it away. Tesla is going to crash.

Correction “…dreams formulated while tripping on FSD….”

Look at me. I am the Wendy's now.

Going by the stock price, I thought the earnings were amazing. If it were bad, stock would have increased by 5%

You mean ...hurt by plunging Tesla EV sales. I don't think EV sales in general are "plunging"

Because tesla is a speculative scam, not based on any rational anything

Ready to buy more stocks!

Does anyone know what Tesla's actual runway is? How much of a problem is this, existentially? Are they still actually profitable?

EV sales don't matter Tesla is now a restaurant company.

~10 years

Probably right when Musk started spitballing on the conference call.

$149M in free cash flow **before** the tax credits expire on the car and energy business.

Never underestimate copium

And ketamine.

Believe it or not, calls

What's really bad about tripping on FSD is the inevitable crash.

Did you not see the diner? Surely that's worth a 10% increase in stock price...

When the ability to sell carbon credits goes away (and it is soon) they will have net negative revenue.

You go and do that.

Todays internet winner :-)

In terms of stock price I'm not sure which is worse: Losing the race to the competition in a growing market. Or going down with everyone else in a dying market. Don't think either of those narratives should appeal to "investors".

Yes, but going forward, every hot meal consumed on earth will be at a Tesla diner. It's just the logical next step from EVs, spaceships and robots...

And how many CFO’s have they had? That alone should trigger investigations.

The short sellers have to buy Tesla shares at some point which can fuel demand

They’re talking about Tesla’s EV sales. No one would misunderstand that headline.

That's what you get when you blow all your money on vaporware.

Did you hear it’s not a car company it’s a diner