1. Tesla reported Q2 earnings with higher-than-expected revenues but a significant drop in profits. 2. Profitability is under pressure, with earnings per share declining from the previous year, leading to a negative market reaction. 3. The absence of disruptions at the Berlin Gigafactory in Q2 partially explains the better revenue performance compared to Q1.
Recent #Consumer news in the semiconductor industry
1. Amazon's Q2 2024 earnings are expected to exceed market expectations due to strong Q1 performance and raised EPS estimates. 2. Despite Jeff Bezos' share sales, Amazon's fundamentals remain robust with potential for growth in various sectors. 3. The stock may still be undervalued by ~23.7% based on DCF fair value calculations, prompting a reiteration of the 'Buy' rating.
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