Earnings Reaction: No Concerns With Tesla (TSLA) Automotive Margins
b'Tesla (TSLA) earnings report indicated that they grew revenue by 42%, but their automotive margins declined. Tesla (TSLA) total second quarter delivers amounted to 254,695. "The culprit seems to be the shutdown of production in China. The Tesla (TSLA) stock price is down, so maybe that\'s already priced in," says George Tsilis. Tesla (TSLA) said that over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries.'