Tesla Stock Takes 10% Post-Earnings Dive—Here’s Why Some Say Its $820 Billion Valuation Is ‘Disconnected From Reality’

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  • Tesla Stock Takes 10% Post-Earnings Dive—Here’s Why Some Say Its $820 Billion Valuation Is ‘Disconnected From Reality’

Updated Jul 20, 2023, 04:23pm EDT

Topline

Tesla stock slid Thursday after the electric vehicle company delivered an earnings report that largely exceeded headline expectations, as pessimistic warnings grow louder about whether the company’s recent 150% stock surge was warranted.

Key Facts

Tesla’s $24.9 billion in sales and $0.91 earnings per share for the second quarter beat consensus forecasts, but its Wednesday afternoon report…

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