Autonomous Vehicle News
Tesla’s stock is worth more than that of Ford, General Motors, Toyota, Volkswagen and Stellantis combined. But that share price took a hit this week after the company reported declining auto gross margins in the second quarter. Tesla’s stock closed $291.26 Wednesday after reporting earnings but has since fallen to $261.56 at the time of this writing. With the stock price continuing to tumble, bears say Tesla’s share price is starting to reflect the reality of the company: Tesla talks a big game, but in the end, it’s just an automaker with automaker problems. But the reality is, it has automaker margins now.