Tesla Inc shares plummeted on Thursday after the company reported a much larger-than-expected loss in the second quarter and fell short of consensus revenue estimates as well.
Tesla reiterated its full-year vehicle delivery guidance of between 360,000 and 400,000 units and once again said the company will be profitable in the second half of 2019. However, the market was disappointed with weak auto margins and yet another quarter of tremendous cash burn.
Several analysts have weighed in on Tesla following the report. Here’s a sampling of what they’ve had to say.
Elusive Profitability
Wedbush analyst Daniel Ives said profitability remains elusive for Tesla.
“Herein remains the concerning trend, that unless self driving functionality and other software upgrades are sold with Model 3 units it will be a major challenge for Tesla to ramp its business model and gross margin profile in line with long term targets and therefore show profits on an ongoing basis,” Ives wrote…CLICK for complete article
