In the stock market’s rarefied air where mega-cap technology behemoths reside, Tesla stands out — but for all the wrong reasons. Chief among them is its stunning lack of earnings growth while its stock price continues to soar.
The Elon Musk-led electric vehicle-maker is expected to post a 25 per cent drop in third-quarter profits from a year ago when it reports earnings on Wednesday (Thursday AEDT), according to data compiled by Bloomberg. The decline is nothing new, as Tesla’s results have been in retreat for multiple years.
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Bloomberg
