#news #CoSoNews #deadbird #trumpesla
Money quote: Tesla reported disappointing earnings Tuesday, posting a 45 percent decline in quarterly profit from a year earlier. To allay investors’ concerns, the CEO doubled down on his lofty promises for a driverless future, saying he will unveil his plans for a fully autonomous robotaxi in October.
Those plans, however, have been continuously delayed, are scant on detail and have left analysts and investors confused.
Okay, is it just me ... is everyone else demanding that we have a "driverless future" like the Jetsons? We already do have that- take a train, a bus, walk, fly, bike.
Unless it's like a ride at Disney, where you sit in a car on a track that takes you for a ride.
We have serious trouble with humans in control of cars... and the concept of humans sitting in cars and not driving doesn't reassure me it's a good thing.
p.s. Is this stock-speak where a 45% decline is "disappointing? Because in my world, if that happened on my program, it would be as catastrophic as GOP/MAGAS describe biden's debate performance~
@QueenOfEverything It means its net income tumbled 45% in the second quarter to $1.5 billion, down from $2.7 billion the previous second quarter.
They’re still making money. Just not as much.
@mikeharmanos
And this is why I'm not a stock broker. During my time as a project mgr... if I projected I could deliver $2.7 and only got $1.5... I would probably get one more quarter to earn everything back including my commitment for the 3rd quarter or I'd be toast.
Maybe when it's BILLIONS it's still okay to mix fantasy with reality.
*thanks for the actual explanation. 📈