​Tesla Soars After Unexpected Jump In Profit Margin Suggests Price War Is Over – Tyler Durden

Tesla Soars After Unexpected Jump In Profit Margin Suggests Price War Is Over Ahead of today’s Tesla earnings report, UBS analyst Joe Spak asked whether Tesla numbers even matter this quarter after the Robotaxi reveal, which disappointed markets. His response is that while they should matter more, Tesla is really about the future/multiple, not the current EV biz (which drives numbers). Of the number that will be report, auto gross margins ex credits remains “the” metric investors follow, and feedback indicates buyside expectations are for flat-to-slightly-higher quarter over quarter (consensus +30bp q/q to 14.9%). Joe is also looking for an…  — Continue at ZeroHedge News : Read More