From Seekingalpha · Jonathan Weber · · 40s
Tesla Q3 Results Show Declining Revenues
Tesla's Q3 revenue and margins dropped despite strong market conditions.
In brief
Tesla's Q3 revenue and margins dropped despite strong market conditions. Tesla reported declining revenues and halved operating margins in Q3, with stock trading at 400x earnings. Originally reported by Seekingalpha.
Tesla Q3 Results
Tesla reported Q3 results with declining revenues and operating margin.
Year-Over-Year Revenue Decline
Tesla's automobile and energy segments both saw year-over-year revenue declines.
Operating Margin Halved
Operating margin was halved to 2.6% and stock-based compensation doubled.
Unjustified Valuation
Tesla trades at an extremely high valuation (~400x annualized Q3 earnings).
The main idea
Tesla reported declining revenues and halved operating margins in Q3, with stock trading at 400x earnings.
