Tesla Shares Drop 18% in a Month Amid Earnings Miss; Lucid and Rivian Rise
Tesla (NASDAQ:TSLA) has seen its stock price fall by nearly 18% over the past month, following a disappointing Q2 earnings report. The company reported an adjusted EPS of $0.33 against expectations of $0.50, while operating income dropped sharply to $398 million and free cash flow turned negative at -$1.09 billion. Despite strong revenue growth due to record vehicle deliveries, the results highlighted margin compression and raised concerns about Tesla's financial health. Adding pressure on investors is uncertainty around CEO Elon Musk’s potential plans for a merger between Tesla and SpaceX (NASDAQ:SPCX), which has itself fallen 50% from its post-IPO peak. Analysts have trimmed their price targets, though most still maintain positive ratings as they await clarity on the company's AI and robotics initiatives. Meanwhile, EV peers Lucid Group (NASDAQ:LCID) and Rivian Automotive (NASDAQ:RIVN) gained 21% and 9%, respectively, over the same period. Both companies are benefiting from improved product momentum and delivery guidance.
Tickers: $LCID $RIVN $SPCX $TSLA
Topics: Earnings Miss EV Market Lucid Motors Rivian SpaceX Tesla