- Tesla Q2 23 – 19/07 – when Tesla reported back in April the share slipped back after missing on revenues and profits, along with a miss on total gross margins, before finding a base at $150 for another move higher. Like he did in Q1 CEO Elon Musk has continued to tweak prices up and down in response to market forces, with the result that Tesla was able to deliver another record quarter of deliveries in Q2 of 466k, as well as producing 479k cars. Nonetheless the fall in gross margins to 19.3% in Q1 was still a big fall from a year before, which Tesla blamed on higher raw material, commodity, logistical and warranty costs. Tesla also mentioned the cost of ramping up production of 4680 cells. During the last quarter Tesla shares went on a record run of 13 successive days of gains, helped by reports that many of its peers like Ford, GM, Volkswagen and Mercedes would adopt its US charging standard. Tesla's full year production guidance was kept unchanged at 1.8m vehicles.
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