NASDAQ stock Tesla still volatile after the trading session: Tesla is convincing across the board 07/19/2023

The electric car pioneer presented its eagerly awaited quarterly balance sheet after trading on Wednesday.

For the electric car manufacturer Tesla, the second quarter of the 2023 financial year ended with an increase in profit. In the quarter ended June, the company was led by billionaire Elon Musk earnings per share of $0.91, up from $0.757 a year ago. Analyst expectations had previously been at $0.798.

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The group was convincing in terms of sales: at 24.927 billion US dollars, the proceeds were above the previous year’s value (16.934 billion US dollars) and above the analysts’ estimates (24.220 billion US dollars).

Investors react undecidedly to the quarterly balance sheet of the electric car giant: In an initial reaction, Tesla shares changed sign several times. Most recently, after-hours NASDAQ trading temporarily rose 0.47 percent to $292.63.

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