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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 demonstrated why its stock is “egregiously overvalued” at its $273 ticker, Roth analyst Craig Irwin told Yahoo Finance, sharing his $85 price target for the company.
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