Thursday, 19 October 2023

Cybertruck euphoria cut short as a “melancholic” Elon Musk dashes hopes the EV pickup will soon turn Tesla’s sagging fortunes around

Industry Seeing 2,162% Gains

The U.S. government is moving towards electric cars, and European countries are phasing out gas-powered vehicles entirely, with Norway banning oil and gas and England following by 2030. This proves the future is in electricity.

Investors are flocking to get in before this company gets a deal like Mercedes gave to their partner.

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The telecom major reported Q3 adjusted earnings of 64 cents per share, outperforming analysts' average estimate of 62 cents per share. Additionally, the company witnessed a 1% increase in revenue to $30.4 billion compared to the same period last year.


Not even the imminent arrival of the Cybertruck could bail Elon Musk out of his litany of bad news on Thursday, and that's saying something.

The third-quarter earnings call could easily rank among the worst in Tesla's history, with the mercurial CEO this time coming across as somber and irritable, lecturing investors when he wasn't interrupting his new finance chief.







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