Replies to post #114091 on Savvy Trades and Investments

[researcher59]

TSLA +5 to 251 and up a stunning 50% in just the last 3+ weeks all because Q2 deliveries were "only" down 4.8% y/y. And gross margins were probably way down from a year ago. Now trading at around 100x 2024 EPS estimates, this rally looks a tad overdone, but the Tesla fan club keeps bidding it higher ..... maybe the earnings report on 7/23 will chill the enthusiasm ?

https://www.wsj.com/business/autos/teslas-second-quarter-vehicle-deliveries-fell-4-8-7dea363d?st=r2zupl0i2qw5kve&reflink=desktopwebshare_permalink