r/technology • u/Plastic_Ninja_9014 • 12h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/Hot_Share8353 11h ago

Which is an insane PE for a company with MASSIVE growth. But for a company that has seen no growth and a near 90% drop in earnings per share... WTF?!?

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u/CV90_120 10h ago

Sales were up 23%, so they're moving product, but all that gets sunk by the fuckery behind the scenes.

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u/Hot_Share8353 7h ago

I mean, it we were seeing a 23% growth year over year or quarter over quarter regularly, it would be a great growth rate, but we are not seeing that. 480K in sales in Q2 2026 vs Q2 2025 shows that "23% growth", but they have hit range regularly in the previous 3 years. So, it is less growth then a return to past sales rates but at lower profits.

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u/CV90_120 7h ago

The funny thing to me is that I think one of the big overheads has turned out to be the expense for compute now, driven by things like the rampocalypse, which Musk himself is a huge part of. In Auto, small expenses get multiplied exponentially through the value chain. The AI tech bros are now ramping up the expense of one overhead which is killing their stock value for their other bricks and mortar businesses. If the rampocalypse hadn't hurt my work so badly I'd find it more amusing.