US Stock Market News | Tesla falls more than 11%, Q2 operating profit significantly declines
On Wednesday, Tesla's stock price fell, with the stock down over 11% to $217.5 as of the time of writing. Tesla's total revenue in the second quarter exceeded expectations, with operating profit and earnings per share (EPS) both significantly declining. Second-quarter revenue was $25.5 billion, a 2% year-on-year increase, analysts expected a 1.2% year-on-year decrease to $24.63 billion, with automotive revenue at $19.88 billion, down 7% year-on-year, and energy generation and storage revenue at $3.014 billion, doubling year-on-year. Second-quarter operating profit was $1.605 billion, down 33% year-on-year, analysts expected a 24.6% year-on-year decrease to $1.81 billion. Non-GAAP diluted EPS in the second quarter was $0.52, down 43% year-on-year, analysts expected $0.60, down 34% year-on-year
According to the Wise Finance APP, on Wednesday, Tesla (TSLA.US) stock price fell, with the stock dropping over 11% to $217.5 as of the time of publication. Tesla's total revenue in the second quarter exceeded expectations, but both operating profit and earnings per share (EPS) saw significant declines.
In the second quarter, revenue was $25.5 billion, a 2% year-on-year increase. Analysts had expected a 1.2% year-on-year decrease to $24.63 billion. Among them, automotive revenue was $19.88 billion, a 7% year-on-year decrease, while energy generation and storage revenue was $3.014 billion, doubling year-on-year.
Operating profit in the second quarter was $1.605 billion, a 33% year-on-year decrease. Analysts had expected a 24.6% year-on-year decrease to $1.81 billion. Non-GAAP diluted EPS in the second quarter was $0.52, a 43% year-on-year decrease. Analysts had expected $0.60, a 34% year-on-year decrease