So I’m on my commute home tonight and this Tesla of mine decides to yet again impress me with its in-traffic prowess using #FSD 😲 this car’s got SKILLS!! 💪
$TSLA -7% AH after reporting 2Q auto gross margins ex-reg credits of 14.6% vs 16.2% expected. TSLA 2Q Adj EPS of $.52 came in light vs WS $.62 est, but excluding the -$.14/share one-time charge associated with $622M in 2Q severance costs for TSLA’s 10% layoff, TSLA non-GAAP diluted EPS would have been $.66 vs $.62 consensus. We believe TSLA’s weak AH stock price is more a function of disappointing auto gross margins ex-reg credits than the reported Adj EPS miss.
BREAKING: Tesla has introduced a new Lunar Silver color for the Model S and Model X for $2,500.
"Lunar Silver is a clean silver with a pronounced metallic effect and subtle blue tint."