{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/teslas-margins-remind-us-that-its-an-automaker-not-a-tech-company/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Tesla’s margins remind us that it’s an automaker, not a tech company","slug":"teslas-margins-remind-us-that-its-an-automaker-not-a-tech-company","createdLocal":"2023-07-22 14:30:56.437037","publishDate":"2023-07-21 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://techcrunch.com/2023/07/21/tesla-earnings-stock-price-down/"},"postSummary":{"childMarkdownRemark":{"html":"<p>Tesla’s stock is worth more than that of Ford, General Motors, Toyota, Volkswagen and Stellantis combined.\nBut that share price took a hit this week after the company reported declining auto gross margins in the second quarter.\nTesla’s stock closed $291.26 Wednesday after reporting earnings but has since fallen to $261.56 at the time of this writing.\nWith 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.\nBut the reality is, it has automaker margins now.</p>"}}}},"pageContext":{"slug":"teslas-margins-remind-us-that-its-an-automaker-not-a-tech-company"}}}