Tesla Earnings Tank, Showing That Rising Sales Can Actually Be a Negative

There’s an old business joke about losing money on each sale but making it up in volume. Tesla investors, however, are not laughing as shares immediately plunged more than 10% in after-hours trading. Automotive revenues of almost $5.4 billion for the second quarter were up 60% year over year and 40% over the first quarter […]

Tesla Investors and Analysts Jump Ship: It’s a “Quagmire” Says One

Tesla, once a darling of Wall Street, has pushed the envelope and not in a good way. Too many problems and issues have finally pushed some long-time supporters to shake their heads and step back. Wedbush Securities finally decided to “[throw] in the white towel” last month lowering guidance from outperform to neutral, after April’s […]