Tesla (TSLA -3.69%) stock has been down sharply since earnings were released this week, and there wasn’t a lot for investors to like. Sales are struggling, margins are down, and Tesla is no longer the highest-margin automaker in the industry.
In this video, Travis Hoium covers the concerning operational trends along with the troubling comments around Tesla’s FSD software and the future of the Cybertruck. This quarter was bad, but operations may get a lot worse before they get better.
*Stock prices used were end-of-day prices of Oct. 18, 2023. The video was published on Oct. 20, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Alphabet and General Motors. The Motley Fool has positions in and recommends Alphabet and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.