Tesla Says Its Semi Is Finally in Volume Production. So, Why Did the Stock Fall?

The Semi didn’t lift the stock, but the same stretch brought an analyst target cut and a European regulatory delay.

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CFO Vaibhav Taneja said the quarter’s sequential rise in operating expenses included “preproduction ramp costs for new products like the Semi truck, Optimus, Cybercab and other AI initiatives.”

The first useful read is Q3 earnings, expected in late October, if Tesla starts disclosing Semi units.

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