AnonomousWolf@lemm.ee to No Stupid Questions@lemmy.ca · 3 days agoHow is TSLA stock still up from where it was a year ago, if its sales have plummeted so much?message-squaremessage-square19fedilinkarrow-up135arrow-down12
arrow-up133arrow-down1message-squareHow is TSLA stock still up from where it was a year ago, if its sales have plummeted so much?AnonomousWolf@lemm.ee to No Stupid Questions@lemmy.ca · 3 days agomessage-square19fedilink
minus-squaresuburban_hillbilly@lemmy.mllinkfedilinkEnglisharrow-up8arrow-down5·3 days agoThe sales haven’t really fallen that much. All the numbers you see are for net income. People still buy the cars and the company still turns a profit, just less than before.
minus-squarerbesfe@lemmy.calinkfedilinkarrow-up11·3 days agoAuto revenue is down 20%, that’s pretty significant
minus-squaresunzu2@thebrainbin.orglinkfedilinkarrow-up5·3 days agoSo far and that’s a decline for a “growth” company
The sales haven’t really fallen that much. All the numbers you see are for net income. People still buy the cars and the company still turns a profit, just less than before.
Auto revenue is down 20%, that’s pretty significant
So far and that’s a decline for a “growth” company